This unique partnership will exclusively debut in Walmart stores and online at Walmart.com.
Although the product has been officially launched now, it has been available in select stores across South Africa for the past two months.
The company will pay a dividend of EGP 0.85 (US$0.017) per share to eligible shareholders.
Since their introduction in 1995, Uncrustables have become a key part of J.M. Smucker’s Consumer Foods business.
Valeo Foods stated that acquiring Freddi, which is based in Castiglione delle Stiviere, Italy, will enhance its presence in the bakery sector and support its expansion in the South-West region of Europe.