J M SMUCKER acquisition history

Hostess Brands is a leading sweet baked snacks company whose iconic brands include Hostess Donettes, Twinkies, CupCakes, DingDongs, Zingers, CoffeeCakes, HoHos, Mini Muffins and Fruit Pies, along with the Voortman cookie brand. approximately $5.6 billion enterprise value ($34.25 per share, including ~$900 million of net debt).

With this acquisition, we are adding an iconic sweet snacking platform; enhancing our ability to deliver brands consumers love and convenient solutions they desire; and leveraging the attributes Hostess Brands offers.Mark Smucker — Chair of the Board, President and Chief Executive Officer, The J.M. Smucker Co.

Consumers' increasing reliance on snacking to fit lifestyle needs and convenience choices has expanded the occasions where the category can deliver, and the sweet baked goods category is one of the largest and fastest growing in the industry.Mark Smucker — Chair of the Board, President and CEO, The J.M. Smucker Co. (completion release)

Ainsworth Pet Nutrition is a leading producer, distributor and marketer of premium pet food and pet snacks, predominately within the United States. About two-thirds of its sales are generated by the Rachael Ray Nutrish brand, a fast-growing premium pet food line; Ainsworth also sells under additional branded and private-label trademarks. approximately $1.7 billion (after an estimated tax benefit of $200 million).

We are excited to have completed this transaction, which increases the scale and further accelerates the growth profile of our pet food and pet snacks business.Mark Smucker — Chief Executive Officer, The J.M. Smucker Company

The Ainsworth team has done a tremendous job growing this business, building Rachael Ray Nutrish into one of the most recognizable premium pet food brands in the United States.Mark Smucker — CEO, The J.M. Smucker Company (completion release)

Big Heart Pet Brands was the largest stand-alone producer, distributor and marketer of premium-quality, branded pet food and pet snacks in the United States, with a portfolio including Meow Mix, Milk-Bone, Kibbles 'n Bits, 9Lives, Natural Balance, Pup-Peroni, Gravy Train, Nature's Recipe, Canine Carry Outs and Milo's Kitchen. approximately $5.8 billion at announcement (~$6.0 billion at close, including assumed net debt of ~$2.5 billion).

We are excited to have completed this transaction, which provides the Company an immediate and significant presence in the large and growing pet food and snacks category.Richard Smucker — Chief Executive Officer, The J.M. Smucker Company

Big Heart Pet Brands markets some of America's best known pet brands.Richard Smucker — CEO, The J.M. Smucker Company (completion release)

Sahale Snacks is a maker of premium nut-and-fruit blend snacks, adding an on-trend natural snacking brand to Smucker's portfolio.

Includes the contributions from Sahale Snacks, Inc. ('Sahale') since the completion of the acquisition on September 2, 2014.The J.M. Smucker Company — Q2 FY2015 earnings release (8-K Item 2.02 Ex 99.1)

Enray Inc. is the maker of the truRoots brand of organic and natural sprouted grains, quinoa and ancient-grain products, expanding Smucker's natural-foods offering.

Enray Inc. ('Enray') since the completion of the acquisition on August 20, 2013.The J.M. Smucker Company — Q2 FY2014 earnings release (8-K Item 2.02 Ex 99.1)

A majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation, including the market-leading liquid coffee concentrate business sold under the licensed Douwe Egberts brand, plus roast and ground coffee, cappuccino, tea and cocoa products sold through foodservice channels.

We are pleased to complete this transaction which adds the market-leading liquid coffee concentrate business to the Smucker portfolio.Richard Smucker — Chief Executive Officer, The J.M. Smucker Company

The transaction further strengthens our position as a leading North American coffee company, provides new coffee technologies, and adds significant scale to our foodservice business.Richard Smucker — CEO, The J.M. Smucker Company (completion release)

Rowland Coffee Roasters is a privately held Miami-based coffee company whose products are sold primarily under the leading Hispanic Cafe Bustelo and Cafe Pilon brands, with distribution concentrated in the northeastern U.S. and southern Florida. It is a leading U.S. producer of espresso coffee.

This acquisition strengthens and broadens the breadth of our leadership in the U.S. retail coffee category. The addition of the Cafe Bustelo and Cafe Pilon coffee brands, each with a rich heritage, provides us with a unique opportunity to establish a strong presence in coffee with Hispanic consumers in the U.S.Richard Smucker — Executive Chairman and Co-Chief Executive Officer, The J.M. Smucker Company

The Folgers Coffee Company, a subsidiary of The Procter & Gamble Company, is the leading producer of retail packaged coffee products in the United States. Founded in 1850, Folgers' offering includes the original Folgers brand, Millstone, and a license to manufacture and distribute Dunkin' Donuts coffee in the retail grocery market. approximately $3 billion (all-stock Reverse Morris Trust, including ~$350 million of Folgers debt guaranteed by Smucker).

We are very pleased with the completion of the Folgers transaction and believe that, as the number one retail packaged coffee brand in the United States, Folgers clearly aligns with our strategy.Richard Smucker — Executive Chairman and Co-Chief Executive Officer, The J.M. Smucker Company

Eagle Family Foods is the maker of Eagle Brand sweetened condensed and evaporated milk and related canned-milk products, acquired via merger of a Smucker subsidiary (EF Acquisition Company) into Eagle. approximately $133 million in payments at closing (plus assumption/repayment of approximately $115 million of debt).

Under the terms of the Merger Agreement, Merger Sub will be merged with and into Eagle, with Eagle surviving the Merger as a wholly owned subsidiary of Smucker. The Merger Agreement provides for total payments by Smucker at the closing of the Merger of approximately $133 million, subject to adjustment.The J.M. Smucker Company — Form 8-K (Item 1.01), April 5, 2007

International Multifoods Corporation, a Minnetonka, Minnesota-based company, owned leading branded baking and consumer-foods products (including Pillsbury-licensed baking mixes and frosting, Hungry Jack, and Martha White brands), combined with Smucker via merger of Multifoods into MIX Acquisition Corporation, a Smucker subsidiary. approximately 8 million Smucker common shares issued plus cash and assumed debt (merger consideration).

We are very pleased with the vote of confidence from our shareholders and look forward to completion of this transaction.Tim Smucker — Chairman and Co-Chief Executive Officer, The J.M. Smucker Company

The Jif peanut butter and Crisco shortening and oils businesses of The Procter & Gamble Company, spun off from P&G and merged into Smucker in an all-stock transaction, adding two iconic center-of-store brands. all-stock Reverse Morris Trust (Smucker shares issued; ~0.9451 new Smucker share per existing Smucker share).

The J.M. Smucker Company and The Procter & Gamble Company today announced the completion of the merger of the Jif peanut butter and Crisco shortening and oils businesses into Smucker. This all-stock transaction, in which the Jif and Crisco brands and their associated assets were spun off from Procter & Gamble and then merged into Smucker, was originally announced by Smucker and Procter & Gamble last October.J.M. Smucker / Procter & Gamble joint press release — June 1, 2002 (8-K Ex 99.1)

Smucker Foods of Canada Co. acquired the Canadian canned milk products business marketed under the Carnation brand from Nestle Canada. The acquired business included the rights to use the Carnation brand in Canada for evaporated milk, thick cream and powdered milk products. The deal expanded Smucker's presence in the Canadian grocery market with an established shelf-stable dairy brand.