The J. M. Smucker Company buying Ainsworth Pet Nutrition

Purchase includes popular Nutrish brand.

Pfw 21976 April News The J m Smucker Company Logo 0

The J. M. Smucker Company has signed a definitive agreement to purchase Ainsworth Pet Nutrition, LLC, an all-cash transaction valued at approximately $1.7 billion, after an estimated tax benefit of $200 million. Ainsworth produces, distributes and markets premium pet food and pet snacks, with about two-thirds of its sales generated by the company's Rachael Ray Nutrish brand.

Smucker estimates the acquisition of Ainsworth will contribute net sales of approximately $800 million in the first full year after the transaction closes, which is expected happen, subject to customary closing conditions, early in Smucker’s fiscal year that begins May 1, 2018. 

Test Your Smarts
Take ProFood World's food safety quiz to prove your knowledge!
Take Quiz
Test Your Smarts
Discover Our Content Hub
Access ProFood World's free educational content library!
Unlock Learning Here
Discover Our Content Hub