Smucker’s shifts growth bets with bakery exit and pet focus
J M Smucker sells its U S baking unit to Brynwood Partners for 375 million dollars, selling Pillsbury related assets as it pivots toward higher growth pet food, coffee, and snacks. Analysts note the move is costly and likely to dilute earnings in fiscal 2019, while Wall Street remains cautious but sees progress.
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Ainsworth Pet Nutrition
Mark Smucker
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