Smucker Acquires IFF’s Fruit Preparation Business

The J.M Smucker Company, Orrville, OH, and International Flavors & Fragrances (IFF), New York, NY, have signed an agreement in principle for Smucker to acquire IFF’s formulated fruit and vegetable preparation businesses in the U.S. and Brazil. The two businesses have combined annual sales of $28 million and the products are sold primarily to bakeries and dairies for the manufacture of yogurts and baked goods.