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The acquisition includes a leased facility in Seattle and will add approximately 150 employees. The transaction, which is expected to close by the middle of September, is not anticipated to have a material impact on Smucker’s fiscal 2015 financial results.
It is certainly not uncommon these days to purchase at least some natural and organic products and even occasionally shop in a specialty gourmet retailer.
The bank says this new consumer will polarize the food retail spectrum and have significant implications for food companies, food retailers and foodservice companies.
American Key Food Products (AKFP) announced the application for a patent for its gluten-free King Lion Premium Cassava Flour and the proprietary manufacturing process developed by the company.