CEO says “business did not perform as we had expected.”

Rising economic uncertainty pressuring purchases of snacks, executives say.

Volume lift to organic sales partially offset by pricing decline.

Deal boosts presence in packaged wafers, cakes and biscuits in Europe.

Snack company’s total volume climbs over 6% in first quarter.

CEO points to improved category share performance in key markets.

Deal continues trend of portfolio refocusing by big food companies.

Chairman and CEO Mark Smucker had held post for past nine years.

Outlook maintained after positive Q1 and despite economic volatility from tariffs.

Facility part of C$65 million plan to boost manufacturing capabilities.