SJM - J.M. Smucker Bids Farewell To Sahale Snacks: A $34M Deal To Usher In New Growth | Benzinga
J.M. Smucker Company (NYSE: SJM) penned a deal to sell its Sahale Snacks brand to Second Nature Brands in an all-cash transaction for around $34 million.
The transaction includes all trademarks and its leased manufacturing facility in Seattle, Washington and about 100 employees.
The company expects the impact of the divestiture to be immaterial on its adjusted EPS on a full-year basis.
SJM will provide additional information about the ...