Nexus Capital Acquires Smucker's Natural Beverage and Grains Businesses (R.W. Knudsen, TruRoots)
January 31, 2022
The J.M. Smucker Co. completed the sale of its natural and organic beverage and grains businesses — including the R.W. Knudsen and TruRoots assets and trademarks plus a licensing agreement for Santa Cruz Organic beverages — to Nexus Capital Management LP for $110 million in cash (subject to working capital adjustments). The transaction includes manufacturing and distribution facilities in Chico, California and Havre de Grace, Maryland, and Nexus plans to operate the acquired brands as an independent consumer platform led by Bobby Chacko as chairman and CEO.
- Buyers
- Nexus Capital Management LP
- Targets
- R.W. Knudsen, TruRoots, Santa Cruz Organic (beverage licensing)
- Sellers
- The J.M. Smucker Co.
- Industry
- Food & Beverage
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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