The story
Gail Borden introduced the Eagle Brand in 1856 to develop a refrigeration and food preservation system, with its condensed milk as the flagship of the company. He established his own company, Borden, Inc. in 1857. In 1874, Eagle Brand became the first registered trademark in the then-British colony of Hong Kong. In East Asian markets excluding South Korea, Eagle Brand products are produced by Nestlé, a Swiss company.
The J.M. Smucker Company bought the canned milk business from Borden in 2007. Eagle Family Foods Group LLC was established after Paul Smucker Wagstaff left The J. M. Smucker Company in 2014 to carry on his own enterprise. Wagstaff partnered with his friend Jeff Boyle to acquire Eagle Brand from The J. M. Smucker Company. A private equity firm, Kelso & Company negotiated the transaction and became their investment partner. Eagle Foods was established in December 2015. In August 2016, Eagle Foods acquired the popcorn brand G.H. Cretors, derived from the Chicago-based manufacturing company Cretors established in 1885.
On July 5, 2022, Eagle Foods acquired the Hamburger Helper (Helper) and Suddenly Salad brands from General Mills for $610 million.
From Wikipedia’s article on Eagle Foods, shared under CC BY-SA 4.0.3