Company will use the Blue Apron platform to expand.

Hoxton Farms raised approximately $24.4 million in Series A funding in October.

Smucker acquired Sahale Snacks in 2014.

Tim Cofer will transition from COO to CEO in 2024.

Consumer concerns about the use of ingredients once perceived negatively appear to be easing.

Acquisition will extend Smucker’s reach into new snack categories.

Company reduced its full-year sales guidance following weak third-quarter results.

Sales of meat alternatives have fallen steadily since 2021 and more sharply over the last year.

The away-from-home channel is a key strategic category for the company.

Roark Capital focuses on investing in businesses with a franchise business model.