2020 – The year in food industry M&A
Andy Coyne looks at significant transactions and emerging themes in merger, acquisition and investment activity in the global food sector during a year like no other.
J.M. Smucker
More disposals on cards as J.M. Smucker outlines portfolio plans
US food group J.M. Smucker, behind brands such as Jif and Uncrustables, has outlined a number of strategic goals.
Portfolio shake-up likely in US food sector, says Credit Suisse
Investment bank Credit Suisse has considered whether a period of portfolio re-shaping is likely amongst US food groups.
At-home consumers drive J.M. Smucker to lift forecasts
J.M. Smucker, the US manufacturer behind brands including Uncrustables and Jif, today (24 November) set out new forecasts for annual sales and underlying earnings.
B&G Foods acquires Crisco brand from J.M. Smucker
B&G Foods, the US-based manufacturer, has snapped up a brand and an associated production facility in its domestic market.
J.M. Smucker raises guidance on “elevated” home consumption
J.M. Smucker has raised its full-year financial guidance due to an increase in home consumption despite the US food and beverages group citing uncertainty related to the coronavirus pandemic. The…
Covid-19 factor boosts J.M. Smucker’s quarterly sales by nearly $200m
US-based jam, peanut butter, relishes and snacks maker J.M. Smucker has reported Q4 sales figures that have been massively boosted by the Covid-19 factor. The Jif peanut butter brand owner saw…
J.M. Smucker gets sales boost from pantry-loading
US jam, peanut butter, relishes and snacks maker J.M. Smucker has improved its sales guidance for its fiscal year, reflecting a Covid-19-linked surge in demand for the sort of products…
J.M. Smucker names John Brase as first chief operating officer
US food group J.M.Smucker has named experienced executive John Brase as its first chief operating officer (COO). The creation of the COO role, a new one for the company, was announced in…
J.M. Smucker cuts full-year earnings outlook
US food group J.M. Smucker has cut its full-year profit and sales outlook, blaming weakness in its pet foods business. Reporting its Q2 results today (22 November), the Ohio-based business…
J. M. Smucker downgrades guidance after Q1 disappointment
US food group J.M. Smucker has downgraded its guidance on key fiscal year 2020 metrics following the release of its first-quarter results. The Ohio business - behind brands such as…
