B&G Foods to acquire Crisco brand from Smucker, 2020-10-27
By A Mystery Man Writer
Last updated 17 Jun 2024
![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://www.foodbusinessnews.net/ext/resources/2020/10/CriscoProducts_Lead.jpg?height=667&t=1603800715&width=1080)
PARSIPPANY, NJ. — B&G Foods, Inc. has agreed to acquire the Crisco oils and shortening business from The J.M. Smucker Co., Orrville, Ohio, in a cash transaction valued at approximately $550 million, subject to a post-closing inventory adjustment. The transaction includes oils and shortening products sold under the Crisco brand, certain trademarks and licensing agreements, dedicated manufacturing and warehouse facilities located in Cincinnati, and approximately 160 employees. The business generated net sales of approximately $270 million in the fiscal year ended April 30. B&G Foods . . .
Transaction valued at approximately $550 million.
Transaction valued at approximately $550 million.
![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://i.ytimg.com/vi/j7-gSDnUvqE/maxresdefault.jpg)
Smucker Sells Crisco to B&G Foods
![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://www.beveragedaily.com/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/publications/food-beverage-nutrition/beveragedaily.com/article/2020/10/30/binary-botanical-a-beer-best-served-drunk-in-a-wine-like-fashion/11893129-1-eng-GB/Binary-Botanical-A-beer-best-served-drunk-in-a-wine-like-fashion.jpg)
All news articles for October 2020
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The J.M. Smucker Company to Sell U.S. Baking Business Brands for $375 Million
![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://i5.peapod.com/c/QK/QKKYK.jpg)
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![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://www.wksu.org/sites/wksu/files/201910/akron_public_schools_headquarters_building.jpg)
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![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://s.wsj.net/public/resources/images/ON-CO258_green__B1280_20180604122842.jpg)
B&g Products Inc Purchase Discounts
![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://www.foodnavigator-usa.com/var/wrbm_gb_food_pharma/storage/images/_aliases/wrbm_large/publications/food-beverage-nutrition/foodnavigator-usa.com/article/2020/10/27/jm-smucker-sells-strong-performing-crisco-for-550m-to-b-g-foods-to-focus-coffee-snacking-pet-food/11888548-1-eng-GB/JM-Smucker-sells-strong-performing-Crisco-for-550m-to-B-G-Foods-to-focus-coffee-snacking-pet-food.jpg)
JM Smucker sells strong-performing Crisco for $550m to B&G Foods to focus coffee, snacking & pet food
![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://www.just-food.com/wp-content/uploads/sites/28/2023/04/IMG_0145-e1680527087525-96x96.jpg)
B&G Foods acquires Crisco brand from J.M. Smucker - Just Food
![B&G Foods to acquire Crisco brand from Smucker, 2020-10-27](https://www.preparedfoods.com/ext/resources/07_15/GreenGiant900.jpg?height=200&t=1436202869&width=200)
B&G Foods to Acquire Iconic Crisco Brand, 2020-10-27
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