M&A Deal Summary

Nexus Capital Management Acquires J.M. Smucker - Natural Beverage and Grains Businesses

On December 15, 2021, private equity firm Nexus Capital Management acquired food company J.M. Smucker - Natural Beverage and Grains Businesses from J. M. Smucker for 110M USD

Acquisition Highlights
  • This is Nexus Capital Management’s 2nd transaction in the Food sector.
  • This is Nexus Capital Management’s 2nd largest (disclosed) transaction.
  • This is Nexus Capital Management’s 11th transaction in the United States.
  • This is Nexus Capital Management’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2021-12-15
Target J.M. Smucker - Natural Beverage and Grains Businesses
Sector Food
Buyer(s) Nexus Capital Management
Sellers(s) J. M. Smucker
Deal Type Divestiture
Deal Value 110M USD

Target

J.M. Smucker - Natural Beverage and Grains Businesses

Orrville, Ohio, United States
J.M. Smucker's Natural Beverage and Grains Businesses includes R.W. Knudsen and TruRoots assets and trademarks, and a licensing agreement for Santa Cruz Organic beverages. It also includes the Company's manufacturing and distribution facilities in Chico, California, and Havre de Grace, Maryland.

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Buyer(S) 1

Buyer

Nexus Capital Management

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Nexus Capital Management is an opportunistic debt and equity investment firm. Nexus looks to invest $50 to $300 million to support a variety of situations, including corporate partnerships, acquisitions, or liquidity financings. Sectors of interest include industrials, consumer, retail, food/beverages, services, education, and distribution. Nexus Capital Management was formed in 2013 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 11 of 12
Sector (Food) 2 of 2
Type (Divestiture) 3 of 3
State (Ohio) 2 of 2
Country (United States) 11 of 12
Year (2021) 5 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Sugarbear

Oakland Park, Florida, United States

Sugarbear is a direct-to-consumer oriented beauty and wellness brand offering innovative products to enhance its customers' natural appearance and/or health. Sugarbear specializes in great-tasting vegan vitamin-based solutions that are made in the U.S.A. with organic and premium plant-based ingredients. Sugarbear was founded in 2015 and is based in Oakland Park, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Lamps Plus

Los Angeles, California, United States

Lamps Plus is a specialty lighting retailer with over 96,000 SKUs across lighting and other furniture categories. Lamps Plus sells products across a variety of price points and styles, making shopping easier for homebuyers and design professionals. Lamps Plus was founded in 1976 and is based in Los Angeles, California.

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 6 of 8
Sector (Food) 5 of 7
Type (Divestiture) 6 of 8
State (Ohio) 4 of 4
Country (United States) 6 of 8
Year (2021) 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 The J. M. Smucker - Private Label Dry Pet Food Business

Orrville, Ohio, United States

Private Label Dry Pet Food Business is a producer of high-quality dry & wet pet food, biscuits, and snacks. The transaction includes its manufacturing facility in Frontenac, Kansas.

Sell $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Hostess Brands

Lenexa, Kansas, United States

Hostess Brands is a packaged food company focused on developing, manufacturing, marketing, selling and distributing fresh sweet baked goods in the United States. Hostess Brands was founded in 1919 and is based in Lenexa, Kansas.

Buy $5.6B
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