The J.M. Smucker Co. has entered into a definitive agreement to sell its Natural Balance premium pet food business to Nexus Capital Management LP for approximately $50 million. Expected to close in the third quarter of the 2021 fiscal year, the transaction is subject to customary closing conditions.
J.M. Smucker Selling Natural Balance Business
The divestiture reflects the company’s strategy to focus on the core brands within Smucker’s pet food and pet snacks portfolio, such as Rachael Ray Nutrish, Milk-Bone, and Meow Mix.
Dec 4th, 2020
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