Sweet snacks impairments push JM Smucker into red
JM Smucker booked a third-quarter loss after recording goodwill impairment charges of more than $1bn. The US manufacturer posted a…
J.M. Smucker
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JM Smucker to offload baked-goods brands to JTM Foods
JM Smucker has sold its Cloverhill and Big Texas brands to fellow US group JTM Foods for around $40m. As…
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RFK Jr. targets ultra-processed foods and has ‘Big Food’ in his sights
Is the US government on a collision course with the country's packaged foods industry? Robert F. Kennedy Jr., whom President-elect…
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Second Nature to buy JM Smucker’s Voortman cookies business
US-based snacks maker Second Nature Brands is to buy JM Smucker’s Voortman cookies brand in an all-cash deal valued at…
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JM Smucker sees “cautious consumer” weigh on Hostess, pet-food sales
JM Smucker has blamed a “cautious consumer” on its sweet baked snacks and pet food segments performing below expectations in…
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JM Smucker to lay-off workers as Hostess Brands site slated for closure
JM Smucker plans to lay-off scores of workers at a Hostess Brands’ office, the indulgent snacks business the food group…
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JM Smucker ‘examines sale of Voortman Bakery’
JM Smucker is reportedly gauging the interest in Voortman Bakery, an asset the US manufacturer snapped up last year. According…
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JM Smucker rests growth outlook on full year Hostess contribution
JM Smucker anticipates the recently acquired Hostess Brands sweet baked snacks business will help deliver a rebound in top-line sales…
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Big deals – the stand-out food industry transactions of 2023
When assessing the best, or most significant, food-industry deals of the year there are a number of factors to bear…
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2023 – the year in food M&A
Our annual look at the global food industry through the prism of M&A identified major manufacturers making repositioning plays and…