Market News
07Mar2008 |
J.M. Smucker to Acquire Europe's BestThe J.M. Smucker Company has announced that it has entered into an agreement, through subsidiary, to acquire Europe's Best, Inc., a privately owed company headquartered in Montreal that specializes in frozen fruit. Europe's Best is expected to add $70 million in net sales and be slightly accretive to earnings for fiscal 2009. Europe's Best's administrative functions will relocate from Montreal to Markham, ON. Source: Canadian Grocer E-Newsleter, March 7, 2008. 
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