4.7 (164) · € 18.00 · En Stock
PARSIPPANY, NJ. — B&G Foods, Inc. has agreed to acquire the Crisco oils and shortening business from The J.M. Smucker Co., Orrville, Ohio, in a cash transaction valued at approximately $550 million, subject to a post-closing inventory adjustment. The transaction includes oils and shortening products sold under the Crisco brand, certain trademarks and licensing agreements, dedicated manufacturing and warehouse facilities located in Cincinnati, and approximately 160 employees. The business generated net sales of approximately $270 million in the fiscal year ended April 30. B&G Foods . . .
Transaction valued at approximately $550 million.
J.M. Smucker Names Tucker Marshall To Succeed Mark Belgya As CFO
JM Smucker sells strong-performing Crisco for $550m to B&G Foods to focus coffee, snacking & pet food
Smucker Selling Crisco To B&G For $550M Food Manufacturing, 50% OFF
The J.M. Smucker Company to Sell U.S. Baking Business Brands for $375 Million
All news articles for October 2020
Cincinnati - August 20, 2023: B&G Foods Cincinnati food processing plant and Crisco factory. B&G Foods purchased Crisco from The J. M. Smucker Co Stock Photo - Alamy
J.M. Smucker to Rake In Over Half a Billion From Crisco Brand Selloff
Smucker Selling Crisco To B&G For $550M Food Manufacturing, 50% OFF
North America Jam, Jelly, and Preserve Market - Companies, Brands, Size & Industry Forecast
Smucker Selling Crisco To B&G For $550M Food Manufacturing, 50% OFF
JM Smucker sells strong-performing Crisco for $550m to B&G Foods to focus coffee, snacking & pet food
JM Smucker sells strong-performing Crisco for $550m to B&G Foods to focus coffee, snacking & pet food
B&G Foods to acquire Crisco brand from Smucker, 2020-10-27