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Business News: JM Smucker sells its US baking business in deal valued at $375 million

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Source:www.ohio.com


Posted: 2018-07-09 21:16:02

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ORRVILLE - The J.M. Smucker Company is getting out of the U.S. baking business. The Orville-based food company announced the signing of a definitive agreement to sell its U.S. baking business — which includes such iconic brands as Pillsbury and Hungry Jack — to Brynwood Partners IVV L.P. and Brynwood Partners VIII L.P. in a transaction valued at $375 million.

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