The J. M. Smucker Company entered into a definitive agreement to acquire Big Heart Pet Brands for approximately $5.8 billion. This acquisition will aid Smucker in its goal of owning “leading food brands in attractive center-of-the-store categories,” and will give it immediate market share in the pet food and snacks sector. The company expects the deal will contribute approximately $2.4 billion in net sales in fiscal 2016.
Smucker is increasingly working to expand its portfolio, and has made four other acquisitions of food companies in the snacks, coffee, and grain categories in the past four years. In 2014, it acquired Sahale Snacks Inc., which produces nut and fruit snacks, and a year earlier it purchased Enray, Inc., a manufacturer and marketer of organic, gluten-free ancient grain products.
To learn more about J.M. Smucker’s acquisitions, or to see what other food companies were busy in 2014, look for the Food Institute’s Food Business Mergers & Acquisitions:2014 Edition, which will be released at the beginning of March.
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Jennette has been with The Food Institute since 2013. As Marketing Director, she is responsible for promoting all Food Institute books, seminars and webinars, as well as writing and editing the Food Institute’s annual publications, such as Food Business Mergers & Acquisitions, The Food Industry Review and The Almanac of the Canning, Freezing, Preserving Industries. Additionally, she writes for and edits the daily news update, Today in Food, and contributes to the weekly Food Institute Report. She has a background in non-profit and environmental marketing, programming and writing, and graduated from Rowan University in 2012 with a degree in Communication Studies.
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