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Smucker buys leading condensed milk producer

This article was originally published in Dairy Markets

Smucker, the US marketer and manufacturer of fruit spreads, ice cream toppings and other foods under brands that include Smucker's, Jif and Pillsbury , is to acquire Eagle Family Food Holdings Inc ., the company behind the Borden Eagle brand of sweetened condensed and evaporated milk in a deal worth about US$248 million (€185.7m) - $133m in cash and the assumption of $115m in debt.


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