J.M. Smucker to divest Natural Balance premium pet food business in $50m deal

By Mary Ellen Shoup

04-Dec-2020 Last updated on 04-Dec-2020 at 16:37 GMT

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Photo: Natural Balance

J.M. Smucker Co. has entered into a definitive agreement to sell its Natural Balance premium pet food business to Nexus Capital Management in a cash transaction valued at approximately $50m.

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