ORRVILLE, Ohio, USA – The J.M. Smucker Co. announced today the closing of the transaction to sell its Sahale Snacks brand to Second Nature Brands. The all-cash transaction is valued at approximately $34 million, subject to a working capital adjustment.
The Company previously announced the signing of a definitive agreement for the transaction on September 27, 2023. The transaction includes all trademarks and the Company’s leased manufacturing facility in Seattle, Washington, including about 100 employees who will transition with the business.
The Company expects the impact of the divestiture to be immaterial to its adjusted earnings per share on a full-year basis.
The Company will provide additional information about the transaction’s impact on its fiscal year 2024 outlook during the next quarterly earnings call.
About The J.M. Smucker Co.
The J.M. Smucker Co. offers a diverse family of brands available across North America. They lead in the Coffee, Consumer Foods, Dog Snacks and Cat Food categories by offering brands consumers trust for themselves and their families each day including Folgers, Dunkin’, Café Bustelo, Jif, Smucker’s Uncrustables, Smucker’s, Milk-Bone and Meow Mix.
The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin’® which is a trademark of DD IP Holder LLC.
The Dunkin’ brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores. This information does not pertain to products for sale in Dunkin’® restaurants.
