Agrilink Foods Completes Sale of Adams Peanut Butter to J.M. Smucker
ROCHESTER, N.Y., Jan. 29 /PRNewswire/ -- Agrilink Foods, Inc., Rochester, N.Y,, a wholly-owned subsidiary of Pro-Fac Cooperative (Nasdaq: PFACP) and The J.M. Smucker Company (NYSE: SJMA and SJMB), Orrville, Ohio, today announced that they have completed the sale of the Adams brand peanut butter business to Smucker.
Adams natural and no-stir peanut butters are marketed principally in the northwestern part of the United States and in western Canada. Terms of the transaction were not announced.
The J.M. Smucker Company (http://www.smucker.com) is the nation's leading producer of branded preserves, jams, jellies, and other fruit spread products, health and natural foods beverages, ice cream toppings and natural peanut butter.
Agrilink Foods processes and markets a variety of product lines of branded, private label and food service products in facilities located throughout the United States. Pro-Fac Cooperative, an agricultural marketing cooperative which consists of more than 600 members, processes fruits, vegetables and popcorn through its wholly-owned subsidiary, Agrilink Foods.
