The J.M. Smucker Co. to Sell Crisco Business

The divestiture aligns with the company’s intent to exit the U.S. baking category and focus more resources on its core growth platforms.

Oct 27th, 2020

The J.M. Smucker Co. has entered into a definitive agreement to sell its Criscooils and shortening business to B&G Foods, Inc. for approximately $550 million. The transaction includes oils and shortening products sold under the Crisco brand, certain trademarks and licensing agreements, and dedicated manufacturing and warehouse facilities located in Cincinnati, Ohio. The transaction also includes the company’s oils and shortening business outside the U.S.

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The JM Smucker Co.

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