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J.M. Smucker Agrees To Buy Big Heart Pet Brands

February 3, 2015: 12:00 AM EST
J.M. Smucker Company said it has agreed to acquire Big Heart Pet Brands, the largest independent manufacturer, distributor, and marketer of high-quality, branded pet foods and pet snacks in the United States. Expected to give J.M. Smucker several advantages, including capacity for further growth, expanded scale and strategic balance for its existing portfolio of brands, the deal also offers strategic benefits, including a presence in the pet food and snacks segment and a leading position in the pet snacks market. Based in San Francisco, Big Heart Pet Brands has almost 2,500 employees and owns a range of brands, such as Meow Mix, Milk-Bone, and Kibbles 'n Bits. For its fiscal year ending May 3, 2015, the company is expected to have net sales of about $2.3 billion and EBITDA of around $450 million.
CGT Staff, "Smucker to Acquire Big Heart Pet Brands for $5.8B", Consumer Goods Technology, February 03, 2015, © Edgell Communications
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