The J.M. Smucker Co. Announces Agreement to Divest Fermented Food Condiment Brands in Canada

ORRVILLE, Ohio, Oct. 17, 2023 /CNW/ -- The J.M. Smucker Co. (NYSE: SJM) announced today it has entered into a definitive agreement to sell its Bick's® pickles, Habitant® pickled beets, Woodman's® horseradish and McLarens® pickled onions brands to TreeHouse Foods, Inc. (NYSE: THS), a leading private label food and beverage manufacturer in North America. The all-cash transaction is valued at approximately $20 million USD, subject to a working capital adjustment.

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