The J. M. Smucker Mergers and Acquisitions Summary

FoodCompany

The J. M. Smucker has acquired 16 companies, including 1 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 6 assets.

The J. M. Smucker’s largest acquisition to date was in 2015, when it acquired Big Heart Pet Brands for $5.8B. It’s largest disclosed sale occurred in 2020, when it sold The J.M. Smucker - Crisco Business to B&G Foods for $550M. The J. M. Smucker has acquired in 8 different US states. The Company’s most targeted sectors include food (82%) and beverages (19%).

Join Mergr and gain access to The J. M. Smucker’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity11
    • M&A Sell Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 14
  • M&A Advisors 6

The J. M. Smucker

The J. M. Smucker Co.

One Strawberry Lane,
Orrville, Ohio 44667
United States,
(330) 682-3000
www.jmsmucker.com

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


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 11 - - - - - 11
vol $12.9B $12.9B
Sell (0.8/yr) # 2 - 2 2 - - 6
vol $375M $550M $143M $1.1B
  17

Most Recent M&A

Company Date Value Type
The J.M. Smucker Co. - Natural Beverage and Grains Businesses 2021-12-15 110M USD Divestiture
Orrville, Ohio
The J. M. Smucker - Private Label Dry Pet Food Business 2021-12-01 33M USD Divestiture
Orrville, Ohio
Natural Balance Pet Foods, Inc. 2020-12-04 - Divestiture
Upland, California · www.naturalbalanceinc.com
The J.M. Smucker Co. - Crisco Business 2020-10-26 550M USD Divestiture
Orrville, Ohio
Hometown Food Co. 2018-07-09 375M USD Divestiture
Chicago, Illinois · www.hometownfoodcompany.com
Ainsworth Pet Nutrition LLC 2018-04-04 1.9B USD Add-on Acquisition
Meadville, Pennsylvania · www.ainsworthpets.com
Eagle Family Foods Group LLC 2015-11-02 - Divestiture
Orrville, Ohio · www.eaglefoods.com
Natural Balance Pet Foods, Inc. 2015-02-06 - Divestiture
Upland, California · www.naturalbalanceinc.com
Big Heart Pet Brands 2015-02-03 5.8B USD Add-on Acquisition
San Francisco, California · www.bigheartpet.com
Sahale Snacks, Inc. 2014-08-06 - Add-on Acquisition
Seattle, Washington · www.sahalesnacks.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 9 (82%) 9.3B (72%) 5 (83%) 1.0B (97%)
Beverages 2 (18%) 3.7B (28%) - -
Consumer Products - - 1 (17%) 33M (3%)
Total 11 $12.9B 6 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 11 12.9B 6 1.1B
  Ohio 2 3.5B 4 693M
  California 3 5.8B 1 -
  Washington 1 - - -
  Pennsylvania 1 1.9B - -
  Nebraska 1 - - -
  Minnesota 1 500M - -
  Florida 1 360M - -
  Illinois - - 1 375M
Total 11 $12.9B 6 $1.1B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
1
Goldman Sachs Investment Banking Division
1
William Blair & Co. LLC
1
Legal Deals
Calfee, Halter & Griswold LLP
1
Weil Gotshal & Manges LLP
1
Benesch, Friedlander, Coplan & Aronoff LLP
1

Deal Values

buy # Total
> $1B 3 $11.0B
$100M to $1B 4 $1.9B
TOTAL $12.9B
Largest Big Heart Pet Brands
$5.8B (2015-02-03)
sell # Total
$100M to $1B 3 $1.0B
< $100M 1 $33M
TOTAL $1.1B
Largest The J.M. Smucker Co. - Crisco Business
$550M (2020-10-26)

M&A Connections

Deals
Acquired from
Investor(s)
27%
3 (27%)
Strategic(s)
36%
4 (36%)
Divested to
Investor(s)
67%
4 (67%)
Strategic(s)
33%
2 (33%)

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