Smuckers

AGCanada

Smucker to shed Bick's brand

U.S. food firm J.M. Smucker has a deal in place to sell off the Canadian pickle brand Bick's and a portfolio of condiment brands it makes for the Canadian market. Ohio-based Smucker announced Oct. 17 it will sell the Bick's brand plus the Habitant pickled beets, Woodman's horseradish and McLarens pickled onions brands to Illinois...

November 9, 2023

AGCanada

J.M. Smucker to buy Twinkies maker Hostess in US$5.6 billion deal

Reuters -- J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for US$5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share (all figures US$). The cash-and-stock offer...

September 11, 2023

AGCanada

Cream of Wheat maker to buy Crisco line from Smucker

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes...

October 27, 2020

AGCanada

Richardson to buy Wesson cooking oil brand

A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets -- including a 280,000-square foot U.S. processing plant at Memphis -- to Richardson for an undisclosed sum. Wesson-branded retail...

December 18, 2018

AGCanada

J.M. Smucker to sell U.S. baking brands

Reuters -- J.M. Smucker Co. said on Monday it would sell its U.S. baking business, which includes brands such as Pillsbury, Martha White and Hungry Jack, to private equity firm Brynwood Partners for US$375 million. The deal includes a manufacturing facility in Toledo, Ohio, but excludes the baking business in Canada, the company said. "The...

July 9, 2018

AGCanada

Smucker seen considering sale for Robin Hood, other baking brands

Reuters -- J.M. Smucker is considering a sale of its baking brands, including Pillsbury and Robin Hood, Bloomberg reported on Thursday, citing people familiar with the matter. The unit could fetch as much as US$700 million (C$902.4 million), Bloomberg reported, citing one of the sources. A final decision to pursue a sale has not been...

March 8, 2018