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Stock Market & Financial Investment News

News Breaks
August 6, 2014
17:01 EDTSJMJ.M. Smucker acquires Sahale Snacks
The J. M. Smucker Company announced the signing of a definitive agreement to acquire Sahale Snacks. Sahale is a leading manufacturer and marketer of premium, branded nut and fruit snacks, which are primarily sold in the U.S. under the Sahale Snacks brand. Sahale's net sales are projected to be approximately $50M for FY14, primarily in the club, convenience, and grocery retail channels. The acquisition includes a leased facility in Seattle, Washington, and will add approximately 150 employees to the company. The transaction, which is expected to close by the middle of September, is not anticipated to have a material impact on the company's FY15 financial results.
News For SJM From The Last 14 Days
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December 10, 2014
17:07 EDTSJMJ.M. Smucker announces price increases on K-cup packs
The J. M. Smucker Company announced that it is increasing the list price on its K-Cup packs sold in the United States under the Folgers, Folgers Gourmet Selections, Cafe Bustelo, and Millstone brand names. Prices will increase an average of 8%. The price increase, which will be effective on January 5, 2015, is in response to sustained increases in costs.

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