Divestiture • Food

B&G Foods Acquires The J.M. Smucker Co. - Crisco Business

On October 26, 2020, B&G Foods acquired food company The J.M. Smucker Co. - Crisco Business from J. M. Smucker for 550M USD

Acquisition Context
  • This is B&G Foods’ 19th transaction in the Food sector.
  • This is B&G Foods’ 2nd largest (disclosed) transaction.
  • This is B&G Foods’ 19th transaction in the United States.
  • This is B&G Foods’ 1st transaction in Ohio.

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M&A Deal Summary

Date October 26, 2020
Target The J.M. Smucker Co. - Crisco Business
Sector Food
Buyer(s) B&G Foods
Sellers(s) J. M. Smucker
Deal Type Divestiture
Deal Value 550M USD

Target Company

The J.M. Smucker Co. - Crisco Business

Orrville, Ohio, United States
The J.M. Smucker Co. - Crisco Business is a provider of oils and shortening with additional products include a cooking spray, various olive oils, and other cooking oils, including canola, corn, peanut, olive, sunflower, and blended oils.
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Buyer Overview 1

Buyer

B&G Foods

Parsippany, New Jersey, United States

Category Company
Founded 1822
Sector Food
Employees2,784
Revenue 1.9B USD (2024)
DESCRIPTION

B&G Foods is a manufacturer, seller, and distributor of a diversified portfolio of high-quality, shelf-stable branded food products including pickles and peppers, hot sauces, wine vinegar, maple syrup, molasses, snack foods, fruit spreads, pasta sauces, beans, ready-to-use spices, salad dressings, marinades, taco shells and kits, and taco sauce and seasonings. B&G Foods was founded in 1822 and is based in Parsippany, New Jersey.


Deal Context for Buyer #
Overall 19 of 20
Sector: Food 19 of 20
Type: Divestiture 10 of 11
State: Ohio 1 of 1
Country: United States 19 of 20
Year: 2020 2 of 2
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Farmwise

Wellesley, Massachusetts, United States

Farmwise LLC is a provider of vegan foods under the brand of Farmwise, Veggie Fries, Veggie Tots, and Veggie Rings. Farmwise is based in Wellesley, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Growers Express - Frozen Vegetable Manufacturing Operations

Yuma, Arizona, United States

Growers Express' Frozen Vegetable Manufacturing Operations include inventory, equipment, a sublease for a portion of a manufacturing facility in Yuma, Arizona, and a lease for a warehouse facility in San Luis, Arizona. Growers Express' Frozen Vegetable Manufacturing Operations is based in Yuma, Arizona.

Buy -

Seller Profile 1

SELLER

J. M. Smucker

Orrville, Ohio, United States

Category Company
Founded 1897
Sector Food
Employees9,000
Revenue 8.2B USD (2024)
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 Context for Seller #
Overall 3 of 8
Sector: Food 3 of 7
Type: Divestiture 3 of 8
State: Ohio 2 of 4
Country: United States 3 of 8
Year: 2020 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Hometown Food

Chicago, Illinois, United States

Hometown Food is a manufacturer and marketer of dry baking mixes, frozen pancakes, frozen waffles, frozen French toast, ready-to-spread frosting, flour, and other baking ingredients under the Pillsbury®, Funfetti®, Hungry Jack®, White Lily®, Jim Dandy®, Martha White®, Arrowhead Mills®, SunSpire®, De Wafelbakkers®, and Birch Benders® brands. Hometown Food was formed in 2018 and is based in Chicago, Illinois.

Sell $375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 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.

Sell -

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