10 Jul 2018 --- The JM Smucker Company has signed an agreement to divest its US baking business to private equity firm Brynwood Partners in a deal valued at US$375 million. The US manufacturer of fruit spreads, ice cream toppings, beverages, shortening, peanut butter and oils says the deal is part of an initiative to reshape the company portfolio and strengthen its focus on coffee, snacking and pet food.
