M&A Deal Summary

J. M. Smucker Acquires Natural Balance

On February 6, 2015, J. M. Smucker acquired food company Natural Balance from Big Heart Pet Brands

Acquisition Highlights
  • This is J. M. Smucker’s 8th transaction in the Food sector.
  • This is J. M. Smucker’s 10th transaction in the United States.
  • This is J. M. Smucker’s 3rd transaction in California.
Investment Fate
  • Natural Balance was divested to a consortium of buyers in 2020.

M&A Deal Summary

Date 2015-02-06
Target Natural Balance
Sector Food
Buyer(s) J. M. Smucker
Sellers(s) Big Heart Pet Brands
Deal Type Divestiture

Target

Natural Balance

San Diego, California, United States
website
Natural Balance is a premium pet food brand specializing in high-quality dog and cat food products sold exclusively through the pet specialty and eCommerce channels. Natural Balance has a 30+ year history in premium formulations and was a pioneer of limited ingredient diets. Natural Balance was founded in 1989 and is based in San Diego, California.

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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 10 of 12
Sector (Food) 8 of 10
Type (Divestiture) 4 of 4
State (California) 3 of 3
Country (United States) 10 of 12
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Big Heart Pet Brands

San Francisco, California, United States

Big Heart Pet Brands is a standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks. The Company’s purpose is to nurture the bond between pets and the people who love them – making every day special. Its portfolio of brands, with a foundation in dog and cat food and treats, strives to cater to every pet life stage and every family’s budget through the availability and accessibility of its products.

Buy $5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 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.

Sell -

Seller(S) 1

SELLER

Big Heart Pet Brands

San Francisco, California, United States

website


Category Company
Founded 1916
Sector Food
Employees2,200
Revenue 3.6B USD (2012)
DESCRIPTION

Big Heart Pet Brands is a standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks. The Company’s purpose is to nurture the bond between pets and the people who love them – making every day special. Its portfolio of brands, with a foundation in dog and cat food and treats, strives to cater to every pet life stage and every family’s budget through the availability and accessibility of its products.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 Natural Balance

San Diego, California, United States

Natural Balance is a premium pet food brand specializing in high-quality dog and cat food products sold exclusively through the pet specialty and eCommerce channels. Natural Balance has a 30+ year history in premium formulations and was a pioneer of limited ingredient diets. Natural Balance was founded in 1989 and is based in San Diego, California.

Buy -