Smucker Archives - Grainews

Smucker to shed Bick’s brand

Pickle brand, other Canadian condiments to go to TreeHouse

By Dave Bedard, GFM Network News November 9, 2023

U.S. food firm J.M. Smucker has a deal in place to sell off the Canadian pickle brand Bick’s and a portfolio of condiment brands it makes for the Canadian market. Ohio-based Smucker announced Oct. 17 it will sell the Bick’s brand plus the Habitant pickled beets, Woodman’s horseradish and McLarens pickled onions brands to Illinois […] Read more

Crops, Markets, Reuters

J.M. Smucker to buy Twinkies maker Hostess in US$5.6 billion deal

'Very surprised (anyone) is paying this amount'

By GFM Network News September 11, 2023

Reuters — J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for US$5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share (all figures US$). The cash-and-stock offer […] Read more

Canola, Crops, Soybeans

Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

By Dave Bedard, GFM Network News October 27, 2020

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more

(Noel Hendrickson/DigitalVision/Getty Images)

Canola, Corn, Crops, Soybeans

Richardson to buy Wesson cooking oil brand

By GFM Network News December 18, 2018

A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more

Crops, Reuters, Spring Wheat

Smucker seen considering sale for Robin Hood, other baking brands

By Reuters, GFM Network News March 8, 2018

Reuters — J.M. Smucker is considering a sale of its baking brands, including Pillsbury and Robin Hood, Bloomberg reported on Thursday, citing people familiar with the matter. The unit could fetch as much as US$700 million (C$902.4 million), Bloomberg reported, citing one of the sources. A final decision to pursue a sale has not been […] Read more

Canola, Corn, Crops, Reuters

Smucker drops bid to buy Wesson Oil after U.S. objects

By GFM Network News March 6, 2018

Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in […] Read more

Campbell Soup Co. plans to close its 87-year-old Toronto soup plant by mid-2019. (Campbell Soup Co. via BusinessWire)

Crops, Machinery, Reuters

Moving freight to get more expensive for food companies

By GFM Network News February 2, 2018

Reuters — U.S. food companies called out rising freight costs as a reason for lower profit margins in the holiday quarter, with more pain seen in 2018 as a dearth of drivers and higher diesel prices make it even more expensive to transport products to stores. Hershey, Mondelez International, J.M. Smucker and Campbell Soup said […] Read more

Canola, Corn, Crops, Reuters

Conagra to sell Wesson oil brand to Smucker

By Reuters, GFM Network News May 30, 2017

Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into […] Read more

Cereals, Crops

Robin Hood flour pulled in E. coli probe

By Grainews Staff, GFM Network News March 29, 2017

Federal health officials investigating over two dozen cases of E. coli poisoning across Canada are warning consumers to get rid of a certain batch of Robin Hood flour. The Canadian Food Inspection Agency (CFIA) on Tuesday issued a food recall warning for Robin Hood All-Purpose Flour, Original, distributed in British Columbia, Alberta, Saskatchewan, and Manitoba. […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News