J.M. Smucker offloads pickle brands to TreeHouse Foods

The J.M. Smucker Co. sells its Bick’s pickles, Habitant pickled beets, Woodman’s horseradish and McLarens pickled onions brands to TreeHouse Foods. The all-cash transaction is valued at approximately US$20 million, subject to a working capital adjustment.

“This decision will allow us to enhance focus on growing our position in the coffee, spreads, frozen handheld and pet categories in Canada with leading and emerging brands such as Folgers, Smucker’s, Jif, Smucker’s Uncrustables, Meow Mix and Milk-Bone, and supporting continued leadership in the baking category with our Robin Hood, Five Roses, Carnation and Eagle Brand brands,” said Tim Wayne, sr. vice-president and general manager, Away From Home, Canada and International. “On behalf of the organization, I would like to extend our appreciation to the employees who have worked diligently to support these brands, which have played an important role in our Canadian portfolio.”

The brands included in the transaction generated net sales of approximately US$60 million for the company’s fiscal year ended April 30, 2023.