J M SMUCKER Co acquires Eagle Family Foods Holdings, Inc.
Snapshot
J M SMUCKER Co acquired Eagle Family Foods Holdings, Inc. for approximately $133 million in payments at closing (plus assumption/repayment of approximately $115 million of debt) in May 2007. The transaction was structured as all cash. Eagle Family Foods Holdings, Inc. is a United States-based Sweetened condensed milk / canned milk business.
- Acquirer
- J M SMUCKER Co
- Target
- Eagle Family Foods Holdings, Inc.
- Value
- approximately $133 million in payments at closing (plus assumption/repayment of approximately $115 million of debt)
- Date
- May 2007
- Type
- merger
- Status
- ready
The deal at a glance
About this deal
J M SMUCKER Co acquired Eagle Family Foods Holdings, Inc. for approximately $133 million in payments at closing (plus assumption/repayment of approximately $115 million of debt), a transaction completed in May 2007, structured as all cash. The deal was a merger.
Eagle Family Foods Holdings, Inc. operates in Sweetened condensed milk / canned milk, is based in United States. Eagle Family Foods is the maker of Eagle Brand sweetened condensed and evaporated milk and related canned-milk products, acquired via merger of a Smucker subsidiary (EF Acquisition Company) into Eagle.
Established Eagle Brand canned-milk franchise complementing Smucker's baking-ingredient portfolio. Integrated into Smucker's consumer/baking business
No advisory firms have been disclosed for this transaction.