"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."