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Brynwood buys J.M. Smucker's baking business

Brynwood Partners VII L.P. and Brynwood Partners VIII L.P. have signed a definitive agreement to acquire a portfolio of brands from The J.M. Smucker Company for $375 million, PE Hub reported. The portfolio includes exclusive U.S. rights to the Pillsbury brand’s shelf-stable baking products along with the Hungry Jack, White Lily, Jim Dandy and Martha White brands.

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PE Deals,private equity,private equity deals