M&A Deal Summary

J. M. Smucker Acquires ConAgra Foods - Knott s Berry Farm Food Brand

On May 13, 2008, J. M. Smucker acquired food company ConAgra Foods - Knott s Berry Farm Food Brand from Conagra Brands

Acquisition Highlights
  • This is J. M. Smucker’s 4th transaction in the Food sector.
  • This is J. M. Smucker’s 4th transaction in the United States.
  • This is J. M. Smucker’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2008-05-13
Target ConAgra Foods - Knott s Berry Farm Food Brand
Sector Food
Buyer(s) J. M. Smucker
Sellers(s) Conagra Brands
Deal Type Divestiture

Target

ConAgra Foods - Knott s Berry Farm Food Brand

Omaha, Nebraska, United States
ConAgra Foods - Knott's Berry Farm Food Brand is a producer and markets high quality jams, jellies and preserves in the retail, gift boxes, and foodservice channels.

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Buyer(S) 1

Buyer

J. M. Smucker

Orrville, Ohio, United States

website

Category Company
Founded 1897
Sector Food
Employees7,300
Revenue 8.5B USD (2023)
DESCRIPTION

J. M. Smucker is a marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and natural foods products. J. M. Smucker was founded in 1897 and is based in Orrville, Ohio.

DEAL STATS #
Overall 4 of 12
Sector (Food) 4 of 10
Type (Divestiture) 2 of 4
State (Nebraska) 1 of 1
Country (United States) 4 of 12
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-02 Eagle Foods

Orrville, Ohio, United States

Eagle Foods is a domestic manufacturer of canned milk, popcorn and other salty snack products. Eagle operates in two stable and growing categories within canned milk and sweetened condensed milk markets. Additionally, Eagle manufactures ready-to-eat popcorn under the brands G.H. Cretors and Popcorn, Indiana, as well as private label popcorn and other salty snack products for a diverse set of retail customers. Eagle Foods is based in Orrville, Ohio.

Buy $248M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 Folgers

Orrville, Ohio, United States

Folgers is a producer and packager of coffee, focused on serving the US market for budget coffee drinkers. Folgers was originally established in 1850 and is headquartered in Orrville, Ohio.

Buy $3.3B

Seller(S) 1

SELLER

Conagra Brands

Chicago, Illinois, United States

website

Category Company
Founded 1919
Sector Food
Employees18,000
Revenue 11.5B USD (2022)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and foodservice companies. Conagra Brands was incorporated in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 9 of 18
Sector (Food) 7 of 14
Type (Divestiture) 9 of 18
State (Nebraska) 3 of 7
Country (United States) 9 of 18
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-25 Watts Brothers Frozen Foods

Paterson, Washington, United States

Watts Brothers Frozen Foods LLC is a vegetable processing and agricultural company. Watts Brothers entities directly or indirectly own, operate and manage a vegetable processing business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-23 Gavilon

Omaha, Nebraska, United States

Gavilon originates, stores, and distributes grains, oilseeds, as well as feed and food ingredients, to food manufacturers, livestock producers, poultry processors, soybean processors, and ethanol producers worldwide. Gavilon was founded in 2008 and is headquartered in Omaha, Nebraska.

Sell $2.8B
Mergr

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