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 …
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JM Smucker
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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