The J. M. Smucker Company in September announced having
reached an agreement in principle to sell the Canadian grain-based
foodservice and industrial businesses owned by Smucker Foods of Canada
Co.,
The J. M. Smucker Company in September announced having reached an agreement in principle to sell the Canadian grain-based foodservice and industrial businesses owned by Smucker Foods of Canada Co., a wholly owned subsidiary of The J. M. Smucker Company, to Horizon Milling G.P., to be owned by Cargill and CHS Inc., parent companies of Horizon Milling LLC, a leading U.S. flour miller.
The Smucker Company will continue to market and distribute Robin Hood branded products through Canadian retail channels along with its Bick’s, Smucker’s, Jif, and Crisco brands. Through a co-packing agreement, Horizon Milling will provide branded retail baking products, including Robin Hood flour, to the Smucker Company.
The businesses being divested primarily include three flour milling operations in Montreal, Quebec, Port Colborne, Ontario, and Saskatoon, Saskatchewan, and two dry-baking mixing facilities in Montreal and Burlington, Ontario. The Canadian corporate operations in Markham and Rexdale, Ontario, will also be impacted although the extent of these changes is not yet known.
Following the transaction, the Canadian business will represent approximately 10 per cent of total Smucker sales.
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