Pillsbury Creamy Supreme frosting sits on display in an Associated Supermarket in New York, U.S. (Photographer: Daniel Acker/Bloomberg News.)

Brynwood Partners Buys Pillsbury Doughboy Unit From J.M. Smucker

(Bloomberg) -- Private equity firm Brynwood Partners has agreed to buy J.M. Smucker Co.’s U.S. baking unit in a deal valued at $375 million, acquiring a struggling business that includes the Pillsb...