It’s Official: J.M. Smucker Completes $50M Sale of Natural Balance

ORRVILLE, OH — The J.M. Smucker Co. has completed the sale of its Natural Balance pet food business to Nexus Capital Management LP in a deal valued at approximately $50 million.

“The closing of this transaction supports our priority to focus on the core brands within our pet food and pet snacks portfolio, including Rachael Ray Nutrish, Milk-Bone 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 CEO of J.M. Smucker.

PETS+ Sample Box

See What Was Inside the March Sample Box!

Photo Gallery

PETS+ Presents: Best in Cat Products for 2024!

Photo Gallery

35 New and Notable Products to Check Out at Global Pet Expo and Beyond

The transaction encompasses pet food products sold under the Natural Balance brand, certain trademarks and licensing agreements, and select employees who support the Natural Balance business, according to a press release from J.M. Smucker.

The business generated net sales of approximately $220 million for the company’s fiscal year ended April 30.

Damian Giangiacomo, partner at Nexus, has previously stated: “We believe in the brand’s strong legacy and the ability to reinvigorate the business as an independent company in partnership with the strong management team we have assembled.

PETS+ Staff

Since launching in 2017, PETS+ has won more than 20 major international journalism awards for its publication and website. Contact PETS+ editors at editor@petsplusmag.com.

Recent Posts

Meijer Adding Three Supercenters

New stores to debut next month in Ohio and Michigan.

2 days ago

NRF Says Economy Remains ‘Sturdy’ Despite Forecast for Slower Growth

“Consumers’ behavior and spending power are tied to their financial health, and the consumer sector…

2 days ago

We’re a Bit Envious of This Retailer Who Gets to Help Raise Bobcat Kittens

She shares her role in making sure the litter survives after a poacher kills their…

2 days ago

Freshpet and Singer Meghan Trainor Announce Partnership on National Pet Day

She will serve as the first Freshpet Ambassador.

2 days ago

Wee Away Debuts Gallon-Sized Odor Rescue Laundry Booster

The new size makes it even easier for pet owners to tackle laundry issues effectively…

3 days ago

Roam Pet Treats and Kanguro Pet Insurance Collaborate to Offer Pet Care Solutions

The collaboration aims to offer pet owners comprehensive solutions for their beloved companions' health and…

3 days ago

This website uses cookies.