J M SMUCKER Co acquires Eagle Family Foods Holdings, Inc.

J M SMUCKER Co acquired Eagle Family Foods Holdings, Inc. for approximately $133 million in payments at closing (plus assumption/repayment of approximately $115 million of debt), a transaction completed in May 2007, structured as all cash. The deal was a Merger.

Eagle Family Foods Holdings, Inc. operates in Sweetened condensed milk / canned milk, is based in United States. Eagle Family Foods is the maker of Eagle Brand sweetened condensed and evaporated milk and related canned-milk products, acquired via merger of a Smucker subsidiary (EF Acquisition Company) into Eagle.

Established Eagle Brand canned-milk franchise complementing Smucker's baking-ingredient portfolio. Integrated into Smucker's consumer/baking business

Under the terms of the Merger Agreement, Merger Sub will be merged with and into Eagle, with Eagle surviving the Merger as a wholly owned subsidiary of Smucker. The Merger Agreement provides for total payments by Smucker at the closing of the Merger of approximately $133 million, subject to adjustment.The J.M. Smucker Company, Form 8-K (Item 1.01), April 5, 2007

Advisory firms were not disclosed for this transaction.

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