GFM Network News


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Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes

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Richardson to buy Wesson cooking oil brand

A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail



(JMSmucker.com)

Smucker drops bid to buy Wesson Oil after U.S. objects

Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in

Campbell Soup Co. plans to close its 87-year-old Toronto soup plant by mid-2019. (Campbell Soup Co. via BusinessWire)

Moving freight to get more expensive for food companies

Reuters — U.S. food companies called out rising freight costs as a reason for lower profit margins in the holiday quarter, with more pain seen in 2018 as a dearth of drivers and higher diesel prices make it even more expensive to transport products to stores. Hershey, Mondelez International, J.M. Smucker and Campbell Soup said


(ConAgraFoods.com)

Conagra to sell Wesson oil brand to Smucker

Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into

(Screengrab from RobinHood.ca)

Robin Hood flour pulled in E. coli probe

Federal health officials investigating over two dozen cases of E. coli poisoning across Canada are warning consumers to get rid of a certain batch of Robin Hood flour. The Canadian Food Inspection Agency (CFIA) on Tuesday issued a food recall warning for Robin Hood All-Purpose Flour, Original, distributed in British Columbia, Alberta, Saskatchewan, and Manitoba.