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…
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…
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,…
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…
