B+G Foods of New Jersey has agreed to pay $725 million to buy Crisco and vegetable oils business from J.M. Smucker.
The sale includes Smucker’s oils and shortening business in Canada.
B+G is best known for making Cream of Wheat.
Smucker’s bought Crisco, the vegetable oils and shortening business and JIF peanut butter from Proctor and Gamble.
