J. M. Smucker - M&A Summary and Business Overview

FoodCompany

J. M. Smucker M&A Summary

J. M. Smucker has acquired 17 companies, including 1 in the last 5 years. A total of 8 acquisitions came from private equity firms. It has also divested 8 assets.

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. J. M. Smucker has acquired in 9 different US states. The Company’s most targeted sectors include food (84%) and beverages (17%).

J. M. Smucker Business Overview

Where is J. M. Smucker headquartered?

J. M. Smucker is headquartered in Orrville, Ohio.

What is J. M. Smucker’s revenue?

J. M. Smucker disclosed revenue of 8,529M USD for 2023 and 7,999M USD for 2022.

How many employees does J. M. Smucker have?

J. M. Smucker has 7,300 employees.

What sector is J. M. Smucker in?

J. M. Smucker is a food company.

When was J. M. Smucker founded?

J. M. Smucker was founded in 1897.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity12
    • M&A Sell Activity8
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 16
  • M&A Advisors 7

J. M. Smucker

The J. M. Smucker Co.

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

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 11 - - - 1 - 12
vol $12.9B $5.6B $18.5B
Sell (1.2/yr) # 2 2 2 - 2 - 8
vol $375M $550M $143M $54M $1.1B
  20

Most Recent M&A

Company Date Value Type
J. M. Smucker - Fermented Food Condiment Brands 2023-10-17 20M USD Divestiture
, United States
Sahale Snacks, Inc. 2023-09-27 34M USD Divestiture
Seattle, Washington · www.sahalesnacks.com
Hostess Brands, Inc. 2023-09-11 5.6B USD Add-on Acquisition
Lenexa, Kansas · www.hostessbrands.com
J.M. Smucker - 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
San Diego, 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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 10 (83%) 14.9B (80%) 7 (88%) 1.1B (97%)
Beverages 2 (17%) 3.7B (20%) - -
Consumer Products - - 1 (13%) 33M (3%)
Total 12 $18.5B 8 $1.1B

By Geo

State/Country Buy Value Sell Value
United States 12 18.5B 8 1.1B
  Ohio 2 3.5B 4 693M
  California 3 5.8B 1 -
  Washington 1 - 1 34M
  Pennsylvania 1 1.9B - -
  Nebraska 1 - - -
  Minnesota 1 500M - -
  Kansas 1 5.6B - -
  Florida 1 360M - -
  Illinois - - 1 375M
Total 12 $18.5B 8 $1.1B

Top M&A Advisors

Financial Deals
BofA Securities
2
Goldman Sachs
1
William Blair
1
Legal Deals
Calfee, Halter & Griswold LLP
1
Wachtell, Lipton, Rosen & Katz
1
Weil Gotshal & Manges
1

Deal Values

buy # Total
> $1B 4 $16.6B
$100M to $1B 4 $1.9B
TOTAL $18.5B
Largest Big Heart Pet Brands
$5.8B (2015-02-03)
sell # Total
$100M to $1B 3 $1.0B
< $100M 3 $87M
TOTAL $1.1B
Largest The J.M. Smucker Co. - Crisco Business
$550M (2020-10-26)

M&A Connections

Deals
Acquired from
Investor(s)
25%
3 (25%)
Strategic(s)
33%
4 (33%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
50%
4 (50%)

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