Ainsworth Pet Nutrition LLC, the Meadville-based pet aliment company, is actuality awash to J.M. Smucker Co., the Ohio-based maker of jams, jellies, coffees and pet food, in an all-cash accord admired at $1.9 billion.
The accord was appear backward Wednesday afternoon in a collective account from the two companies and it is accepted to be completed afterwards this spring.
Ainsworth, a arch maker, benefactor and banker of exceptional pet aliment and pet snacks, has the Rachael Ray Nutrish exceptional cast as able-bodied as Dad’s, a low price, aerial affection band of pet foods. Ainsworth additionally sells pet aliment and candy beneath several added branded and clandestine characterization trademarks.
About two-thirds of Ainsworth’s sales are generated by its Rachael Ray Nutrish cast of exceptional pet foods, which was launched 10 years ago. The cast band is active cogent advance in the exceptional pet aliment category, according to J.M. Smucker Co., based in Orrville, Ohio.
Smucker already makes and markets acclaimed brands of consumer foods and beverages, pet aliment and pet snacks. Those brands accommodate Smucker’s jams and jellies; Folgers, Dunkin’ Donuts and Café Bustelo coffees; Jif peanut er; Crisco, Pillsbury and Hungry Jack foods and others. In pet aliment and pet snacks, Smucker’s brands accommodate Meow Mix, Milk-Bone, Kibbles ‘n Bits, Accustomed Balance and 9Lives.
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