From Crain's Akron Business: The sale to investment firm Nexus Capital Management includes R.W. Knudsen and TruRoots assets and trademarks, a licensing agreement for Santa Cruz Organic beverages, and manufacturing and distribution facilities in Chico, California, and Havre de Grace, Maryland. Separately, Smucker said it plans to close and pursue the sale of its Ripon, Wisconsin, production facility in 2022 and consolidate production at its Orrville plant.
From Crain's Akron Business: The buyer, Missouri-based Diamond Pet Food Inc., adds a Smucker manufacturing plant in Kansas in the transaction. Orrville-based Smucker said the deal does not include any of its branded pet food products or its private-label wet pet food business.