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Brands to be sold include R.W. Knudsen, TruRoots, and Santa Cruz Organic beverages.
December 17, 2021
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 J.M. Smucker Co. is investing $1.1 billion to build a new manufacturing facility and distribution center in McCalla, Alabama, dedicated to production of Smucker’s Uncrustables sandwiches. Construction of the facility is expected to begin in January 2022, with production planned for 2025.