J M SMUCKER Co acquires International Multifoods Corporation
Snapshot
J M SMUCKER Co acquired International Multifoods Corporation for approximately 8 million Smucker common shares issued plus cash and assumed debt (merger consideration) in June 2004. The transaction was structured as combination (cash and stock). International Multifoods Corporation is a Minnetonka, Minnesota, USA-based Branded baking mixes and consumer/foodservice foods business.
- Acquirer
- J M SMUCKER Co
- Target
- International Multifoods Corporation
- Value
- approximately 8 million Smucker common shares issued plus cash and assumed debt (merger consideration)
- Date
- June 2004
- Type
- merger
- Status
- ready
The deal at a glance
About this deal
J M SMUCKER Co acquired International Multifoods Corporation for approximately 8 million Smucker common shares issued plus cash and assumed debt (merger consideration), a transaction completed in June 2004, structured as combination (cash and stock). The deal was a merger.
International Multifoods Corporation operates in Branded baking mixes and consumer/foodservice foods, is based in Minnetonka, Minnesota, USA. International Multifoods Corporation, a Minnetonka, Minnesota-based company, owned leading branded baking and consumer-foods products (including Pillsbury-licensed baking mixes and frosting, Hungry Jack, and Martha White brands), combined with Smucker via merger of Multifoods into MIX Acquisition Corporation, a Smucker subsidiary.
Portfolio of leading branded baking and consumer-foods brands extending Smucker's center-of-store presence. Integrated into Smucker's consumer and foodservice businesses
No advisory firms have been disclosed for this transaction.