J M SMUCKER Co acquired Carnation Canadian Canned Milk Business (Nestle Canada), a transaction completed in October 2007, structured as Brand and business (asset) acquisition.
Carnation Canadian Canned Milk Business (Nestle Canada) operates in Canada / consumer foods, is based in Canada. Smucker Foods of Canada Co. acquired the Canadian canned milk products business marketed under the Carnation brand from Nestle Canada. The acquired business included the rights to use the Carnation brand in Canada for evaporated milk, thick cream and powdered milk products. The deal expanded Smucker's presence in the Canadian grocery market with an established shelf-stable dairy brand.
Add an established, market-leading canned/shelf-stable milk brand to Smucker's Canadian portfolio and strengthen its position in the Canadian grocery channel.
Advisory firms were not disclosed for this transaction.