Nexus Capital Management LP has paid The J.M. Smucker Co. $50 million to acquire its Natural Balance premium petfood business. The deal includes petfood products sold under the Natural Balance brand, certain trademarks, and licensing agreements.
Smucker Co. Sells Natural Balance Business
The divestiture demonstrates Smucker’s strategy to prioritize investments and resources toward areas that the company believes will generate the greatest growth and profitability.
Jan 30th, 2021
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