JM Smucker sells strong-performing Crisco for $550m to B&G Foods to focus on coffee, snacking & pet food


JM Smucker Co. is selling its iconic line of Crisco oils and shortening to B&G Foods for $550m cash in a deal that allows it to dedicate more resources to its “core growth platforms” while simultaneously strengthening B&G’s small but growing baking business.

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