Hometown Food Company closes acquisition of J.M. Smucker Co. portfolio of brands
Hometown Food Company ("Hometown Foods"), a wholly-owned portfolio company of Brynwood Partners VII L.P. and Brynwood Partners VIII L.P., is pleased to announce that it has closed the transaction to acquire a portfolio of brands from The J.M. Smucker Company for approximately $375 million. Hometown Foods will be headquartered in Chicago, IL and will operate its 650,000 square foot manufacturing facility in Toledo, OH.
The portfolio of acquired brands includes the exclusive U.S. rights to the Pillsbury branded shelf-stable baking and dessert products and use of the iconic Pillsbury Doughboy in these categories. Also included in the company's portfolio is the Funfetti, Hungry Jack, White Lily, Jim Dandy and Martha White brands.