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Smucker sells Pillsbury, Hungry Jack

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Ohio-based J.M. Smucker Co. has sold its way out of the U.S. baking business.

The company announced it signed a deal to sell its U.S. dry baking goods business, which includes the Pillsbury and Hungry Jack brands.

The buyer, equity firm Brynwood Partners, agreed to pay $375 million for the business.

Read more from The Columbus Dispatch.

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