March 4/Orrville Ohio/PRNewswire-FirstCall -- The J. M. Smucker Company entered into an agreement, through a subsidiary, to acquire Europe's Best Inc., a privately owned company headquartered in Montreal, Quebec. Europe's Best is the number-one brand of premium, all-natural, frozen fruit in Canada. Europe's Best has recently entered the U.S. market and is now available at select retailers, primarily in the Eastern and Southern regions of the country.

"The addition of Europe's Best is an excellent fit with our strategy of owning and marketing North American food brands which hold the number-one position in their respective category," commented Tim Smucker, chairman and co-chief executive officer.

"With the acquisition of Europe's Best, we continue to expand our presence in Canada," added Mark Smucker, vice president, international. "Our portfolio will now include eight number-one brands and provide a strong platform for continued profitable growth."