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Going to the dogs

5 April 2018 By Amanda Gomez

The Jif peanut-butter maker is moving deeper into the pet-food aisle by buying the maker of Rachael Ray pet food for $1.9 bln. Premium pet-food sales are growing fast, but the modest returns on this high-priced deal may not justify the debt. Smucker may find itself on a PB&J diet.

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