J.M. Smucker Divests Voortman to Sharpen Focus on Core Growth [Yahoo! Finance]
The J.M. Smucker Company (SJM)
Last the j.m. smucker company earnings: 2/26 07:00 am
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US:NYSE Investor Relations:
jmsmucker.com/investor-relations
Company Research
Source: Yahoo! Finance
The deal, valued at $305 million, was originally announced on Oct. 22, 2024 and includes the Voortman trademarks, the company's leased manufacturing facility in Burlington, Ontario and the transfer of approximately 300 employees to Second Nature Brands. This sale is part of J.M. Smucker's ongoing strategy to optimize its portfolio and focus on core growth brands that align with the company's long-term business goals. Image Source: Zacks Investment Research The sale of the Voortman business is part of a series of divestitures by J.M. Smucker to better align its operations with the company's strategic priorities. Along with previous divestitures of the Canada condiment and Sahale Snacks businesses, this transaction demonstrates the company's ability to take decisive actions to focus on growth and profitability. By streamlining its portfolio, SJM positions itself to invest in areas with stronger growth potential, such as the company's recent acquisition of Hostess Brands. The div
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SJM
News
- The J. M. Smucker Company Announces Pricing for Cash Tender Offers [Yahoo! Finance]Yahoo! Finance
- The J. M. Smucker Company Announces Pricing for Cash Tender OffersPR Newswire
- The J. M. Smucker Company Announces Early Tender Results of Previously Announced Cash Tender Offers [Yahoo! Finance]Yahoo! Finance
- The J. M. Smucker Company Announces Early Tender Results of Previously Announced Cash Tender OffersPR Newswire
- Hostess® Celebrates the Joy of Snacking with Fresh Logo and Packaging [Yahoo! Finance]Yahoo! Finance
SJM
Earnings
- 11/26/24 - Beat
SJM
Sec Filings
- 12/18/24 - Form 4
- 12/17/24 - Form 8-K
- 12/17/24 - Form 144
- SJM's page on the SEC website