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M. Smucker is offloading Pillsbury and other baking brands. The company – known for products like Smucker’s jam,Jif peanut butter and Folgers coffee – announced Monday that it would sell its baking trade to private fairness firm Brynwood Partners for $375 million. The deal includes the Pillsbury, Hungry Jack, and Martha White,White Lily and Jim Dandy brands, Smucker said in a statement. The move comes during a period of turmoil for big food brands, or which are facing challenges navigating shoppers’ changing […]
Source: q13fox.com