USA: JM Smucker to sell natural beverages and grain business
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital for $110 million. The sale includes assets of RW Knudsen and TruRoots brands, a licensing agreement for Santa Cruz Organic beverages and manufacturing facilities in Chico, California, and Havre de […]
USA: JM Smucker to sell pet food business Natural Balance
US food and beverages manufacturer JM Smucker has entered into an agreement to sell its pet food business Natural Balance to Nexus Capital Management for $50 million. The transaction is said to be part of the company’s plan to focus on its core pet care portfolio, which includes brands such as Rachael Ray Nutrish, Milk-Bone, and […]