The J.M. Smucker Co.'s subsidiary, Smucker Foods of Canada Co., has acquired the Canadian Carnation brand canned milk products business from Nestle Canada, including the rights to use the Carnation
brand for these products in Canada.
Terms of the transaction were not disclosed.
The current line of Carnation branded milk products marketed in Canada that were acquired
includes evaporated milk, thick cream, and skim milk powder with annual net sales of approximately $50 million.
--Nina M. Lentini