Reuters logo
2 个月内
J.M. Smucker to buy Conagra's Wesson oil brand
2017年5月30日 / 下午1点22分 / 2 个月内

J.M. Smucker to buy Conagra's Wesson oil brand

1 分钟阅读

May 30 (Reuters) - Folgers coffee maker J. M. Smucker Co said it would buy packaged food maker Conagra Brands Inc's edible oil brand, the Wesson, for about $285 million.

J. M. Smucker expects the deal to add about 10 cents per share to its adjusted earnings in the first full-year after close.

Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into J.M. Smucker's oils manufacturing facility in Cincinnati, Ohio, the company said on Tuesday. (Reporting by Nikhil Subba in Bengaluru; Editing by Sriraj Kalluvila)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below