Conagra Brands Inc. has entered into a definitive agreement with Hometown Food Co., a portfolio company of Brynwood Partners, to divest its line of Chef Boyardee brand shelf-stable products including its classic, ready-to-eat pasta meals. The transaction includes a manufacturing facility in Milton, Pennsylvania, as well as all assets and operations dedicated to the Chef […]
Tag: Brynwood Partners
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J.M. Smucker Co. Closes $375M Deal With Hometown Food Co.
The J.M. Smucker Co. has completed the sale of its shelf-stable baking business, including the exclusive U.S. rights to the Pillsbury brand, along with the Hungry Jack, White Lily, Jim Dandy, Martha White and Funfetti brands, to Hometown Food Co., a wholly-owned portfolio company of Brynwood Partners VII L.P. and Brynwood Partners VIII L.P. The $375 million […]
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Smucker Co. Selling Pillsbury, Hungry Jack, Other Brands For $375M
The J.M. Smucker Co. is selling its shelf-stable baking business, including the exclusive U.S. rights to the Pillsbury brand, along with the Hungry Jack, White Lily, Jim Dandy, Martha White and Funfetti brands, to equity firm Brynwood Partners VII LP and Brynwood Partners VIII LP for $375 million. The Pillsbury brand license agreement is a royalty-free, perpetual agreement […]