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J.M. Smucker unloads its Cloverhill and Big Texas brands as part of a portfolio optimization plan (SJM:NYSE)

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J.M. Smucker Co. (NYSE:SJM) is following through with its plans to narrow the focus of the business. The company divested its Cloverhill and Big Texas brands, as well as certain private label products, to JTM Foods.

The all-cash transaction is

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