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The Smucker Company was founded in Ohio in 1897. The company's primary business segments are jam, syrup, and peanut butter manufacture. The producer also produces Jif peanut butter, Milk-Bone dog food, Folgers and Cafe Bustelo coffee.
Smucker has previously entered into numerous agreements to diversify its business. For instance, the business joined the pet food industry in 2015 by paying $3.2 billion for Big Heart Pet Brands, and it strengthened its position there in 2018 by paying $1.7 billion for Ainsworth Pet Nutrition.
Smucker executives stated at an industry conference last week that the company is interested in expanding portfolio diversification through the purchase of diverse food producers.
source: wsj.com
Smucker has previously entered into numerous agreements to diversify its business. For instance, the business joined the pet food industry in 2015 by paying $3.2 billion for Big Heart Pet Brands, and it strengthened its position there in 2018 by paying $1.7 billion for Ainsworth Pet Nutrition.
Smucker executives stated at an industry conference last week that the company is interested in expanding portfolio diversification through the purchase of diverse food producers.
source: wsj.com
