US food and beverages manufacturer JM Smucker has entered into an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital for $110 million. The sale includes assets of RW Knudsen and TruRoots brands, a licensing agreement for Santa Cruz Organic beverages and manufacturing facilities in Chico, California, and Havre de Grace, Maryland. Tina Floyd, vice president and general manager of consumer foods at JM Smucker, …
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JM Smucker
US food firm JM Smucker has announced that it has reached an agreement to sell the Crisco oils and shortening business to B&G Foods. According to a company press release, the move is part of JM Smucker’s intent to exit the US baking category to focus on pet food, coffee, and snacking products. The sale includes Crisco’s oils and shortening products, the brand, certain trademarks, and licensing agreements, manufacturing and …
Brynwood Partners, the US investment firm, has made its latest play in the food and drinks space with the acquisition of bakery assets belonging to food manufacturer JM Smucker. According to Brynwood Partners, the deal includes the exclusive US rights to the Pillsbury shelf-stable baking range, along with the Hungry Jack, White Lily, Jim Dandy and Martha White brands. The Pillsbury brand licence agreement is described as a royalty-free, perpetual agreement with brand owner General …
US-based food and beverage producer JM Smucker has announced an agreement to acquire Ainsworth Pet Nutrition for approximately $1.7 billion. Ainsworth Pet Nutrition is a privately-held company which produces and distributes premium-positioned pet food and pet snacks, including the Rachael Ray Nutrish brand. In addition to the company headquarters in Pennsylvania, the transaction includes two manufacturing facilities and a leased distribution facility. This acquisition reinforces JM Smucker’s position in pet …
US food manufacturers Conagra Brands and JM Smucker have annnounced that they are to call off the the latter’s acquisition of the Wesson cooking oil brand, following objections raised by the Federal Trade Commission. In a statement, Conagra Brands said: “While we are disappointed by and disagree with the Commission’s decision, we have determined that it is in the best interest of our shareholders, customers and employees to terminate the …
The US food manufacturer JM Smucker has announced plans to build an additional Smucker’s Uncrustables sandwiches manufacturing plant in Longmont, Colorado by 2019. The Longmont facility, which will be built in two phases, will be supported by a total investment of $340 million. During phase one, $200 million will be invested to build and operate the new plant with 250 employees. The firm will then have the opportunity of investing a further $140 million for …
The JM Smucker Company (JM Smucker), an American manufacturer of fruit spreads, ice cream toppings, beverages, shortening and natural peanut butter, has announced the signing of a definitive agreement to acquire Sahale Snacks, Inc. (Sahale). Sahale is a leading manufacturer and marketer of premium, branded nut and fruit snacks, which are primarily sold in the United States. Its net sales are projected to be approximately $50m for the 2014 calendar …
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