M&A Deal Summary

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

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

Acquisition Highlights
  • This is B&G Foods’ 18th transaction in the Food sector.
  • This is B&G Foods’ 2nd largest (disclosed) transaction.
  • This is B&G Foods’ 18th transaction in the United States.
  • This is B&G Foods’ 1st transaction in Ohio.

M&A Deal Summary
Date 2020-10-26
Target The J.M. Smucker - Crisco Business
Sector Food
Buyer(s) B&G Foods
Sellers(s) J. M. Smucker
Deal Type Divestiture
Deal Value 550M USD

Target

The J.M. Smucker - 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(S) 1

Buyer

B&G Foods

Parsippany, New Jersey, United States
Category Company
Founded 1822
Sector Food
Employees2,967
Revenue 2.1B USD (2023)
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 STATS #
Overall 18 of 19
Sector (Food) 18 of 19
Type (Divestiture) 9 of 10
State (Ohio) 1 of 1
Country (United States) 18 of 19
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(S) 1

SELLER

J. M. Smucker

Orrville, Ohio, United States
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 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 -
Mergr

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