The J.M. Smucker Co. Completes the Divestiture of its Natural Balance® Business
and Meow Mix ® among others, which create a unique portfolio with significant long-term growth potential that meets consumer needs across value, mainstream and premium offerings," said Mark Smucker, President and Chief Executive Officer, The J.M. Smucker Co. The Company expects the divestiture to be dilutive to its adjusted earnings per share in the range of $0.05 to $0.10 on a full-year basis, reflecting the foregone profit related to the Natural Balance ® business, before factoring in any potential benefit from the use of proceeds from the sale. The Company will discuss the transac...