(NYSE: SJM) ("Company") announced today the closing of the transaction to divest its Cloverhill and Big Texas brands, as well as certain private label products, to JTM Foods, LLC ("JTM").

JM Smucker has sold its Cloverhill and Big Texas brands to fellow US group JTM Foods for around $40m. As well as Cloverhill pastries and Big Texas cinnamon rolls, the deal also includes private ...