Latest news with #Cloverhill
Irish Independent
11 hours ago
- Sport
- Irish Independent
Paul McBride takes step closer to The Open with win in regional qualifying at The Island
The former Walker Cup star made an eagle, five birdies and four bogeys in the only sub-70 round of the day at the windswept Malahide links to top the qualifiers by a shot from Cloverhill's Keith Shannon. There were ten spots up for grabs at The Island for the right to tee it up at Final Qualifying for Royal Portrush at one of four UK venues on July 1. Hermitage's Rowan Lester, Royal Belfast amateur Finlay Eager, Galwayman Ronan Mullarney and Foyle's Brendan McCarroll tied for third with one-under 71s. Rúaidhrí McGee and Finn Alex Hietala qualified with level par 72s but there was an eight-man playoff for the final two places on two-over. In the end, Laytown and Bettystown's Alex Maguire and Royal Dublin's Niall Kearney progressed at the second tie hole. At Frilford Heath, Kinsale's John Murphy birdied six of his last seven holes to shoot a one-under 71 before losing out in a five-man playoff for the last of nine spots. Local Qualifying was played at 15 venues across Great Britain and Ireland for 131 spots alongside already exempt players in Final Qualifying at Burnham & Berrow, Dundonald Links, Royal Cinque Ports and West Lancashire next week. Irish golf will have at least five players in the field at Royal Portrush in former champions Shane Lowry, Rory McIlroy, Darren Clarke and Pádraig Harrington and LIV Golf's Tom McKibbin.
Reuters
31-01-2025
- Business
- Reuters
JM Smucker divests some sweet baked goods labels to focus on Hostess Brands
Jan 31 (Reuters) - JM Smucker (SJM.N), opens new tab said on Friday it would sell its packaged pastries brand Cloverhill and cinnamon rolls label Big Texas to packaged food maker JTM Foods for about $40 million, as the company looks to cut costs in its sweet baked snacks segment. The divestiture, which also includes some of the Jif peanut butter maker's private-label products, would help it focus on growing Twinkies-maker Hostess Brands, which the company acquired in 2023. "This decision continues the ongoing work to ensure our manufacturing network is optimized to mitigate costs and reduce complexity," said Dan O'Leary, senior vice president and general manager, of the company's sweet baked snacks and pet products unit. Like other packaged food firms, JM Smucker has been countering choppy demand from consumers as they temper spending on snacks and sweets and switch to healthier snacking options. The sweet baked snacks segment formed 13.9% of the company's total net sales in the second quarter of fiscal 2025, reported in November. JM Smucker expects its full-year net sales from the divested brands to be about $60 million. The transaction is likely to close in the fourth quarter ending April 30.
Yahoo
31-01-2025
- Business
- Yahoo
JM Smucker divests some sweet baked goods labels to focus on Hostess Brands
(Reuters) - JM Smucker said on Friday it would sell its packaged pastries brand Cloverhill and cinnamon rolls label Big Texas to packaged food maker JTM Foods for about $40 million, as the company looks to cut costs in its sweet baked snacks segment. The divestiture, which also includes some of the Jif peanut butter maker's private-label products, would help it focus on growing Twinkies-maker Hostess Brands, which the company acquired in 2023. "This decision continues the ongoing work to ensure our manufacturing network is optimized to mitigate costs and reduce complexity," said Dan O'Leary, senior vice president and general manager, of the company's sweet baked snacks and pet products unit. Like other packaged food firms, JM Smucker has been countering choppy demand from consumers as they temper spending on snacks and sweets and switch to healthier snacking options. The sweet baked snacks segment formed 13.9% of the company's total net sales in the second quarter of fiscal 2025, reported in November. JM Smucker expects its full-year net sales from the divested brands to be about $60 million. The transaction is likely to close in the fourth quarter ending April 30. Sign in to access your portfolio
