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.

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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.

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