The Canadian arm of US food group J. M. Smucker has bought the Canadian Carnation canned milk products business from Nestlé.
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Smucker Foods of Canada Co. snapped up the business from Nestlé Canada for an undisclosed sum, J. M. Smucker said today (1 October).
Financial details were undisclosed although J. M. Smucker said the business acquired from Nestlé generates annual sales of around US$50m.
Tim Smucker, chairman and co-CEO, said the Carnation brand is an “excellent fit” with the J. M. Smucker portfolio, which also includes Robin Hood flour and Crisco olive oil.
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