JM Smucker partners JDE Peets to bolster away from home liquid coffee business

US –  American-based food manufacturing company, J.M. Smucker Co. has partnered with the world’s largest pure-play coffee and tea, JDE Peet’s to bolster its away-from-home liquid coffee business. As part of the partnership, Peet’s will support Smucker’s coffee business with product development, production and foodservice equipment innovation. “We are excited to partner with The J.M. Smucker Co. to offer liquid coffee products to their North American customers,” said Satya Menard, global president, out-of-home for JDE Peet’s. “Our proprietary liquid coffee system efficiently delivers large quantities of premium coffee in a…

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B&G foods acquires oil and shortening company Crisco from JM Smucker

US – American holding company for branded foods B&G has acquire JM Smucker’s Crisco oils and shortening business at a cost of US$550 million. As part of the acquisition, B&G Foods is also acquiring a manufacturing facility and warehouse in Cincinnati, OH. Certain trademarks and licensing agreements and Crisco’s oils and shortening business outside the US – which is primarily located in Canada – is also part of the deal. The Parsippany-based company expects the acquisition to close during the fourth quarter of 2020, subject to customary closing conditions, including…

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J. M. Smucker names Rob Ferguson as head of pet food and pet snacks business

USA – American food and pet food manufacturer, J. M. Smucker Company has named Rob Ferguson to the position of Senior Vice President and General Manager of its Pet Food and Pet Snacks business. Ferguson, who has been leading the business in an interim capacity since last year, brings to the company over 15 years of experience to the role and will report to Chief Operating Officer John Brase, the company said. He joined Smucker in 2015 after the company acquired Big Heart Pet Brands, where he held Strategy, Operations…

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JM Smucker invests US$9.1m in Canadian dairy processing facility

CANADA – Smucker Foods of Canada Corp, a subsidiary of the American food company JM Smucker has announced that it will invest US$9.1 million (CAD 12 million) to upgrade its Sherbrooke, Quebec based manufacturing facility. The investment, partly funded by the Federal Ministry of Agriculture and Agri-Food, will be used to increase output in condensed milk as well as other products. According to the company, the upgrading involves manufacturing equipment to increase its flexibility and the variety of products produced. Part of the proceeds will go into broadening of its…

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J. M. Smucker Company signs definitive agreement to sell US baking business

USA – The J. M. Smucker Company, an American manufacturer of fruits spreads and toppings, has announced the signing of a definitive agreement to sell its U.S. baking business to Brynwood Partners, in a transaction valued at US$375 million. According to the company, the business generated net sales of approximately US$370 million for the Company’s fiscal year ended April 30, 2018, which were primarily reported in its U.S. Retail Consumer Foods segment. The transaction does not include the Company’s baking business in Canada. “The divestiture reflects our strategy to further…

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JM Smucker to acquire Ainsworth Pet Nutrition for US$1.9 billion

USA – JM Smucker has announced the acquisition of Ainsworth Pet Nutrition for US$1.9 billion plus an estimated tax benefit of US$200 million and considers a divestiture of its US baking business including brands like Pillsbury and Martha White. The acquisition aims at strengthening the company’s pet food portfolio to drive growth and expand its presence in the fast-growing premium pet food category. After the merger, JM Smucker expects US$55 million savings in operating costs in the next three years while contributing US$800m in net sales in the first full…

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JM Smucker Company plans to terminate its agreement to acquire the Wesson Oil Brand from Conagra Brands, Inc.

USA – The JM Smucker Company has agreed to terminate the definitive agreement for the Company to acquire the Wesson oil brand from Conagra, an agreement that was previously announced on May 30, 2017. According to the company, the U.S. Federal Trade Commission (FTC) announced that it filed an administrative complaint challenging the proposed transaction, on March 5, 2018. “While we disagree with the FTC’s conclusion, we have mutually determined with Conagra that it is not in the best interest of either party to expend the anticipated significant additional time…

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JM Smucker recalls dog food, potentially contaminated with Euthanasia Drug

USA – JM Smucker, manufacturer and marketer of branded food and beverage products across the coffee, consumer foods and pet food retail chain has voluntarily recalled dog food, said to be potentially contaminated with Euthanasia, a drug used as a seductive euthanizer or anaesthetic for animals. The voluntary recall includes specific shipments of Gravy Train, Kibbles ‘N Bits, Ol’ Roy and Skippy canned dog food. According to JM Smucker, the contamination was as a result of a possible contamination by a single supplier at one of their manufacturing facility. The firm…

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