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Slide #50. The J. M. Smucker Company — Enray Inc.
The J. M. Smucker Company (NYSE:SJM)
The J. M. Smucker Company (NYSE: SJM) today announced that it has completed an acquisition of Enray Inc. ("Enray"), a privately-held company headquartered in Livermore, California. Enray is a leading manufacturer and marketer of premium organic, gluten-free ancient grain products, including sprouted and non-sprouted grains, pasta, and cookies, which are primarily sold under its flagship brand, truRoots.
Smucker (J.M.) manufactures and markets food and beverage products. Co.'s principal products are coffee, dog food, cat food, pet snacks, peanut butter, fruit spreads, frozen handheld products, shortening and oils, portion control products, juices and beverages, and baking mixes and ingredients. Co.'s reportable segments are: U.S. Retail Pet Foods, U.S. Retail Coffee, U.S. Retail Consumer Foods, and International and Away From Home. The United States retail market segments represent the sales of food and beverage products to consumers through retail outlets in North America. The International and Away From Home segment represents sales outside of the United States retail market segments.
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Hold (1.56 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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