USA: J.M. Smucker sells Red River Cereal to Arva Flour Mills
US-based food and beverage company JM Smucker has announced it has sold its breakfast cereal line Red River Cereal to Ontario-based firm Arva Flour Mills for an undisclosed sum. According to sources, JM Smucker had revealed in 2020 that the company was going to sell businesses that were not aligned with their “long-term strategy focus”. […]