J.M. Smucker Co. to close Wisconsin plant, sell natural beverages and grains business for $110 million
Brands to be sold include R.W. Knudsen, TruRoots, and Santa Cruz Organic beverages.
The J.M. Smucker Co. announced an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital Management LP in a cash transaction valued at approximately $110 million.
The sale includes R.W. Knudsen and TruRoots assets and trademarks, and a licensing agreement for Santa Cruz Organic beverages. The transaction also includes the Company's manufacturing and distribution facilities in Chico, California, and Havre de Grace, Maryland. It does not include Santa Cruz Organic nut butters, fruit spreads, syrups or applesauce.