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The J.M. Smucker Company

October 28, 2023

"JM Smucker" redirects here. For the founder of the company, see Jerome Monroe Smucker.

The J.M. Smucker Company, also known as Smuckers, is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio,[2] the company was founded in 1897 as a maker of apple butter.[3] J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee.[4] Its flagship brand, Smucker's, produces fruit preserves, peanut butter, syrups, frozen crustless sandwiches, and ice cream toppings.[5]

The J.M. Smucker Company
Logo introduced in 2020[1]
Headquarters in Orrville, Ohio
TypePublic
Industry
Founded1897; 126 years ago (1897) in Orrville, Ohio, U.S.
FounderJerome Monroe Smucker
Headquarters
Orrville, Ohio
,
U.S.
Area served
Worldwide
Key people
ProductsConsumer foods, pet food, coffee
Revenue US$8.17 billion (2020)
Number of employees
7,300 (2020)
SubsidiariesBig Heart Pet Brands
Websitejmsmucker.com

Among J.M. Smucker's other food and coffee brands are Knott's Berry Farm, Jif, Laura Scudder's, Santa Cruz Organic,[5] Folgers, Café Bustelo, Dunkin',[6] Smucker's Uncrustables, Bick's Pickle, Carnation, Crosse & Blackwell, Five Roses, and Robin Hood.[5] Pet food brands include Meow Mix and Milk-Bone, among others.[7] Smuckers is also presently undergoing an acquisition of Hostess Brands, the makers of Twinkies, in a $5.6 billion cash and stock deal.[8] Listed on the New York Stock Exchange,[9] J.M. Smucker ranks 426th on the Fortune 500, with an estimated 2022 market value of $14.6 billion.[10]

History edit

Founding (1897–1958) edit

The J.M. Smucker Company was founded in 1897 by Jerome Monroe Smucker. Smucker was born on December 5, 1858, in Orrville, Ohio, and much of his life was spent as a farmer in Orrville. In 1897 Smucker built a cider mill in Orrville. The company, which came to produce jellies, jams, and other food items, has stated that he used apples from local Orrville trees planted by Johnny Appleseed in the early nineteenth century.[11][3] Smucker prepared apple butter and sold it from the back of a horse-drawn wagon.[3][12]

 
Smucker's brand logo

The company was incorporated in 1921.[13] At the time, the company sold preserves and jellies, and by 1928 was distributing in Ohio, Pennsylvania, and Indiana. After the company recorded losses in 1932 and 1933, in 1935 Smucker's eldest son Willard established a Smucker's plant in the state of Washington for pre-processing apples, which were then shipped to Orrville to be cooked. After introducing its trademark glass jar in 1939,[14] annual sales reached $1 million.[15] In 1940, Smucker's introduced its first line of ice cream toppings, and two years later began distributing its products nationally.[16] During World War II, the company faced shortages of labor, glass, and fruit. In 1946, Smucker's earned the designation "U.S. Grade A Fancy" after it paid U.S. Department of Agriculture inspectors to "oversee every aspect of its production."[14]

National expansion and IPO (1959–1984) edit

The company went public in 1959,[16] and the following year J.M. Smucker opened a manufacturing plant in Salinas, California that increased its production capacity by 40%. In 1960, Paul Smucker became president and the company hired Wyse Advertising of Cleveland to produce radio spots. J.M. Smucker was then listed on the New York Stock Exchange (NYSE) in 1965.[14]

1963 saw J.M. Smucker's acquisition of the jams and jellies company Mary Ellen.[17][13] Profits increased between 1959 and 1969 before dropping in 1970. Between 1973 and 1980, J.M. Smucker implemented cost cutting measures to increase profit margins, acquiring manufacturing operations in Oregon, Tennessee and California and consolidating packing operations.[14] In 1978, J.M. Smucker debuted a low sugar "spread" that was so low in sugar the Food and Drug Administration wouldn't allow Smucker's to market it as a jam.[9] J.M. Smucker acquired gourmet preserves company Dickinson's in 1979,[13] and by 1980, J.M. Smucker was the number one jams and jellies company in the United States,[15] with over 25% of the market in the United States.[14]

In 1981, Timothy Smucker was named president[14] and the company purchased Magic Shell the following year.[16] After purchasing the pickle companies Wooster Preserving Co. and the H.W. Madison Co. in the 1960s,[14] the company sold its unsuccessful pickle line in the early 1980s. J.M. Smucker in 1984 continued to be traded on the NYSE, with the Smucker family retaining a 30% interest in the business.[9] That year J.M. Smucker acquired the juices company Knudsen & Sons.[13][14]

Diversification and growth (1980s–2016) edit

In the late 1980s, the company began expanding internationally[14] under CEO Richard Smucker, acquiring brands in Canada, the United States, Australia, and Europe.[18] In 1987 J.M. Smucker purchased R-Line Foods,[14] and in 1988 the company acquired the Canadian toppings brand Shirriff[18] which made products such as Good Morning Marmalade.[13] J.M. Smucker's sales reached $367 million in 1989.[15] In 1989 J.M. Smucker purchased the Australian company Henry Jones Foods,[14] later selling it in 2004 to SPC Ardmona.[19] By 1993, 8% of J.M. Smucker's annual sales were international.[14]

The peanut butter company Laura Scudder's and the juice company After the Fall were purchased in 1994,[13] and that year J.M. Smucker also changed advertising agencies from Wyse Advertising to the Leo Burnett Company.[14] The annual Peanut Butter Festival in the town of New Bethlehem, Pennsylvania is co-sponsored by Smucker's.[20] First held in 1996,[21] the festival was held in New Bethlehem because the Smucker's peanut butter factory was the lead employer in the area at the time.[22] In 1998, J.M. Smucker acquired the peanut butter company Adams,[13] as well as the maker of a frozen crustless sandwich, MenUSAver. J.M. Smucker renamed the product Uncrustables.[16] J.M. Smucker acquired Jif and Crisco in 2002.[13][15]

By 2004, the company was still headquartered in Orrville, Ohio and had been family-run for four generations. Between 1998 and 2004, the company had appeared on Fortune magazine's annual listing of the 100 Best Companies to Work For in the United States each year, ranking number one in 2004.[23] That year the company purchased International Multifoods Corporation.[16][24] Among the acquired brands in the deal were Pillsbury,[15] Hungry Jack, Pet, Robin Hood Flour, and Bick's pickles and condiments.[25] The flour company White Lily Brand was acquired in 2006.[13] In 2007, the company acquired King Kelly Orange Marmalade[26] and the Canadian company Five Roses Flour.[27] Also in 2007, J.M. Smucker acquired Eagle Family Foods,[28] which brought in the brands Eagle Brand/Borden milk products, None Such mincemeat, and Kava coffee.[29]

In 2008, J.M. Smucker joined the Standard & Poor's 500 Index.[16] That May, J.M. Smucker announced it had bought the food division of Knott's Berry Farm[30] from ConAgra Foods, while Cedar Fair continued to own the theme park itself.[31] That year it also purchased the frozen produce company Europe's Best in Canada and the Canadian milk brand Carnation.[32] On November 6, 2008, J.M. Smucker purchased the Folgers coffee brand division from Procter & Gamble for $3.3 billion,[33][34][35] acquiring brands such as Millstone Coffee in the process.[36] The Reverse Morris Trust merger doubled J.M. Smucker's size.[15]

In 2010, J.M. Smucker acquired Rowland Coffee Roasters,[37] makers of Latin coffee brands,[38][39] followed by the North American coffee and tea operations of Sara Lee in 2011.[40] J.M. Smucker acquired Big Heart Pet Brands in 2015[15] for $5.8 billion, bringing in brands such as Milk Bone, Meow Mix, Kibbles ‘n Bits and Pup-Peroni.[41] Also that year, J.M. Smucker announced it would sell its canned milk operations in the United States to Eagle Family Foods Group LLC.[42] In February 2015, J.M Smucker and Keurig partnered together on making K-Cup packs of Dunkin' coffee.[43] Mark Smucker was named CEO in 2016.[16]

Recent (2017–present) edit

 
Smucker's Canada, Markham, Ontario

After an antitrust lawsuit filed by the Federal Trade Commission (FTC) in early March 2018, ConAgra Brands Inc. and J. M. Smucker Co. cancelled a deal for Smucker to purchase the Wesson cooking oil brand. The FTC claimed that Smuckers would have controlled at least 70% of the market for branded canola and vegetable oils.[44] As part of a strategy to focus on pet food, coffee, and snacking,[45] on August 31, 2018, J.M. Smucker announced it had sold its baking business in the United States to Brynwood Partners for $375 million,[46] including the brands Pillsbury,[47] Martha White, Hungry Jack, White Lily, and Jim Dandy. The baking business in Canada was retained.[46] The company acquired Ainsworth Pet Nutrition in 2018, including the brands Better Than! Treats, Dad's Pet Care, and Rachael Ray Nutrish,[48] and in October 2018, J.M. Smucker consolidated its $580 million marketing business into Publicis Groupe.[4]

During the COVID-19 pandemic many J.M. Smucker employees began remote work.[49] J.M. Smucker began providing "pay and benefits to employees to avoid furloughs," creating employee hardship and sick leave programs.[50] By August 2020, its international and away-from-home segment had seen a quarterly sales decline of 9%. The Smucker's brand had seen a 25% quarterly increase in sales, Uncrustables had seen a 35% jump, and Crisco had seen a 50% increase.[51] In September 2020, the company announced a new logo and corporate brand identity, with aims to distinguish Smucker the company from Smucker's brand food items. J.M. Smucker Company was shortened to J.M. Smucker Co.[52] In December 2020 J.M. Smucker sold Crisco to B&G Foods[53] for $550 million, part of the company's ongoing plan to divest of baking products in the United States.[54] Overall in 2020, J.M. Smucker had $7.8 billion in net sales, with free cash flow growing 26% from 2019 to $985.5 million.[55] Its US retail consumer foods unit saw a 22% jump in annual profits, while coffee rose 11% and pet food rose 6%.[56] After selling Natural Balance Pet Foods to Nexus Capital for $50 million in Jan. 2021,[57] in early 2022, the company sold R.W. Knudsen and truRoots to Nexus Capital. The deal included an agreement for Nexus Capital to Santa Cruz Organic beverages, although not the brand's food items. The deal was estimated at $110 million.[58]

Hostess Brands acquisition edit

On 11 September 2023, J.M. Smucker announced an acquisition of Hostess Brands for $5.6 billion in cash and stock.[59] This will bring several snack brands, including Twinkies, CupCakes, DingDongs, HoHos, Fruit Pies, CoffeeCakes, MiniMuffins, and Voortman cookies, along with seven manufacturing and distribution facilities, and 3,000 employees to J.M. Smucker.[8] The company expects the acquisition to close by April 2024.[60]

Current brands edit

J.M. Smucker's three major business units are consumer foods, pet food and snacks, and coffee.[4] The company is particularly known as a marketer and manufacturer of products such as fruit spreads, peanut butter, ice cream toppings, sweetened condensed milk, and health and natural foods and beverages.[61] The Smucker's flagship brand manufactures and sells its own brands of fruit preserves, jelly,[62] peanut butter including Smucker's Goober PB&J,[63] syrups,[64] ice cream toppings including Smucker's Magic Shell,[65] and Uncrustables Sandwiches.[66] In Canada, the brands are limited to ice cream toppings[67] and preserves.[68]

J.M. Smucker brands currently include:

Foods[5]

Pet foods[7]

Coffee[6]

See also edit

References edit

  1. ^ "The J.M. Smucker Co. Introduces an Updated Corporate Identity to Better Reflect its Growth, Diverse Portfolio" (Press release). The J.M. Smucker Company. September 23, 2020. Retrieved October 16, 2020.
  2. ^ "100 Best Companies to Work For 2008: J. M. Smucker". CNN.com. 2008.
  3. ^ a b c "Smucker's History". JMSmucker.com. The J.M. Smucker Company.
  4. ^ a b c Oliver McAteer (October 29, 2018). "Publicis Groupe wins $580M J.M. Smucker pitch". Campaign Live.
  5. ^ a b c d "Consumer Foods Brands". Smucker's.
  6. ^ a b "Coffee Brands". Smucker's. 2021.
  7. ^ a b "Pet Food Brands". Smucker's. 2021.
  8. ^ a b Roeloffs, Mary (September 11, 2023). "Smuckers Buying Hostess Brands In $5.6 Billion Snack Food Deal". Forbes.com.
  9. ^ a b c Ruth Walker (August 2, 1984). "Smucker's: a family-run firm finds new ways to spread its jam". The Christian Science Monitor.
  10. ^ "J.M. Smucker". Fortune 500. 2022.
  11. ^ "Johnny Appleseed Heritage Center breaks ground near Mansfield". Farm and Dairy. August 16, 2001. Retrieved June 10, 2020.
  12. ^ "Jerome M. Smucker". ohiohistorycentral.org. Ohio History Connection.
  13. ^ a b c d e f g h i "Smucker Company Timeline". Smuckers.com.
  14. ^ a b c d e f g h i j k l m "International Directory of Company Histories, Vol. 11 – Smucker's". St. James Press. 1995.
  15. ^ a b c d e f g Gary Hoover (January 17, 2020). "Same Town, Same Family: The Smucker Saga". American Business History Center.
  16. ^ a b c d e f g "About". Smucker's. 2022.
  17. ^ "MARY ELLEN - Mary Ellen's, Inc. Trademark Registration". USPTO.report. Retrieved August 31, 2022.
  18. ^ a b Jacqueline Mitchell (August 20, 1989). "The Smuckers' Business Spreads Itself Worldwide". Chicago Tribune.
  19. ^ "SPC to acquire IXL for $51 m". The Age. May 12, 2004. Retrieved March 11, 2014 – via theage.com.au.
  20. ^ "Peanut Butter Festival: Overview". Redbank Valley Chamber of Commerce. 2020.
  21. ^ Gretchen McKay (September 11, 2019). "Love peanut butter? This nutty festival is probably for you". Pittsburgh Post-Gazette.
  22. ^ Josh Walzak (September 9, 2018). "Peanut Butter Festival to be held in New Bethlehem". The Courier Express.
  23. ^ "100 Best Companies to Work For in the United States". Fortune. January 12, 2004.
  24. ^ "International Multifoods Shareholders Approve Merger With The J.M. Smucker Company". allbusiness.com.
  25. ^ The Associated Press (March 9, 2004). "Smucker to Buy International MultiFoods". The New York Times.
  26. ^ Townsend, Adam; Staff Writers (November 22, 2008). "Why Did Food Maker Leave California?". Orange County Register. Retrieved November 14, 2017 – via OCRegister.com.
  27. ^ "History". fiveroses.ca. Five Roses. Retrieved August 31, 2017.
  28. ^ "About Us". Eagle Family Foods.
  29. ^ "Smucker acquires Eagle brands". The Columbus Dispatch. April 3, 2007.
  30. ^ "J. M. Smucker Company Acquires Knott's Berry Farm(R) Food Brand From ConAgra" (Press release). May 13, 2008 – via Reuters.com.
  31. ^ Eades, Mark (May 27, 2016). "Knott's Berry Farm gets new boss, a former Disneyland executive". Orange County Register. Retrieved August 22, 2018.
  32. ^ . freshplaza.com. Canadian Press. March 5, 2008. Archived from the original on July 20, 2011. Retrieved November 14, 2017.
  33. ^ . Plain Dealer. June 4, 2008. Archived from the original on March 3, 2016 – via Cleveland.com.
  34. ^ . Marketing Doctor. June 6, 2008. Archived from the original (blog) on October 29, 2013.
  35. ^ . Folgers.com (Press release). June 11, 2008. Archived from the original on February 7, 2009.
  36. ^ "Sitemap – Millstone Coffee". Millstone.com. March 22, 2011. Retrieved January 25, 2014.
  37. ^ "Cuban Coffee Brand May Pour Into Mainstream". npr.org. NPR. June 14, 2011. Retrieved January 25, 2014.
  38. ^ "The J. M. Smucker Company Acquires Leading Hispanic Brands From Rowland Coffee Roasters". Cision US Inc. May 16, 2011. Retrieved August 18, 2021.
  39. ^ "Medaglia d'Oro About Us". Medaglia d'Oro. Retrieved August 18, 2021.
  40. ^ "Sara Lee Corp. Announces Sale of Majority of North American Foodservice Coffee Operations to The J.M. Smucker Company". SaraLee.com (Press release). Downers Grove, Illinois: Sara Lee Corp. October 24, 2011. Archived from the original on September 9, 2012. Retrieved November 14, 2017.
  41. ^ Mackinnon, Jim (February 3, 2015). "J.M. Smucker adds major pet food brands in 'transformational' $5.8 billion purchase". Akron Beacon Journal. Retrieved February 4, 2015.
  42. ^ "The J. M. Smucker Company to Divest its U.S. Canned Milk Brands and Operations". Smucker's. November 3, 2015.
  43. ^ "Dunkin' Brands, the J.m. Smucker Company and Keurig Expand Partnership to Make Dunkin' K-Cup Packs Available at Retail Outlets Nationwide and Online".
  44. ^ Armental, Maria (March 6, 2018). "Smucker, Conagra Call Off Wesson Oil Deal After FTC Challenge". The Wall Street Journal. The New York Times, New York City, United States. Retrieved March 9, 2018.
  45. ^ "The J. M. Smucker Company to Divest its U.S. Baking Business". Smucker's. July 9, 2018.
  46. ^ a b "The J. M. Smucker Company Completes the Divestiture of its U.S. Baking Business". Smucker's. August 31, 2018.
  47. ^ Marchat, Alissa (September 4, 2018). "J.M. Smucker Co. Closes $375M Deal With Hometown Food Co". The Shelby Report. Retrieved April 7, 2019.
  48. ^ . The Washington Post. April 4, 2018. Archived from the original on April 5, 2018.
  49. ^ Ickes, Samantha (August 25, 2020). "Smucker aims to link workers working remotely". Akron Beacon Journal.
  50. ^ "J.M. Smucker outlines measures to help employees, community during coronavirus pandemic". Akron Beacon Journal. March 24, 2020.
  51. ^ Alicia Wallace (August 25, 2020). "Americans are resorting to frozen PB&J and instant coffee. That's good news for Smucker". CNN.
  52. ^ Jim Mackinnon (September 23, 2020). "J.M. Smucker's new corporate identity grows beyond jams and jellies". Akron Beacon Journal.
  53. ^ "B&G Foods Completes Acquisition of Iconic Crisco® Brand". bgfoods.com. December 1, 2020.
  54. ^ "The J.M. Smucker Co. Completes the Divestiture of its Crisco® Business and Updates Fiscal Year 2021 Outlook". Smucker's. December 1, 2020.
  55. ^ "Annual Report Fiscal Year 2020" (PDF). Smucker's. 2020.
  56. ^ Garber, Jonathan (June 4, 2020). "JM Smucker sales hit record as coronavirus shoppers stock up kitchens". Fox Business.
  57. ^ "The J.M. Smucker Co. Completes the Divestiture of its Natural Balance® Business".
  58. ^ "J.M. Smucker completes $110 million sale of natural/organics businesses to investment firm".
  59. ^ "JM Smucker to acquire Hostess Brands in $5.6bn deal". FoodBev Media. September 11, 2023. Retrieved September 11, 2023.
  60. ^ Buyakie, Bryce. "J.M. Smucker to eat up Hostess Brands in $5.6 billion acquisition". Akron Beacon Journal. Retrieved September 13, 2023.
  61. ^ "The J. M. Smucker Company Declares Dividend" (Press release). The J. M. Smucker Company. October 20, 2017. Retrieved November 14, 2017 – via PRNewswire.com.
  62. ^ "Fruit Spreads". Smucker's. 2021.
  63. ^ "Peanut Butter". Smucker's. 2021.
  64. ^ "Syrups". Smucker's. 2021.
  65. ^ "Ice Cream Topping Brands". Smucker's. 2021.
  66. ^ "Uncrustables". Smucker's. 2021.
  67. ^ "James, Jellies, and Fruit Spreads". Smucker's. 2021.
  68. ^ "Ice Cream Brands". Smucker's. 2021.

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October 28, 2023
smucker, company, smucker, redirects, here, founder, company, jerome, monroe, smucker, also, known, smuckers, american, manufacturer, food, beverage, products, headquartered, orrville, ohio, company, founded, 1897, maker, apple, butter, smucker, currently, thr. JM Smucker redirects here For the founder of the company see Jerome Monroe Smucker The J M Smucker Company also known as Smuckers is an American manufacturer of food and beverage products Headquartered in Orrville Ohio 2 the company was founded in 1897 as a maker of apple butter 3 J M Smucker currently has three major business units consumer foods pet foods and coffee 4 Its flagship brand Smucker s produces fruit preserves peanut butter syrups frozen crustless sandwiches and ice cream toppings 5 The J M Smucker CompanyLogo introduced in 2020 1 Headquarters in Orrville OhioTypePublicTraded asNYSE SJMS amp P 500 componentIndustryFood BeverageFounded1897 126 years ago 1897 in Orrville Ohio U S FounderJerome Monroe SmuckerHeadquartersOrrville Ohio U S Area servedWorldwideKey peopleMark Smucker Chairman President and CEO ProductsConsumer foods pet food coffeeRevenueUS 8 17 billion 2020 Number of employees7 300 2020 SubsidiariesBig Heart Pet BrandsWebsitejmsmucker wbr comAmong J M Smucker s other food and coffee brands are Knott s Berry Farm Jif Laura Scudder s Santa Cruz Organic 5 Folgers Cafe Bustelo Dunkin 6 Smucker s Uncrustables Bick s Pickle Carnation Crosse amp Blackwell Five Roses and Robin Hood 5 Pet food brands include Meow Mix and Milk Bone among others 7 Smuckers is also presently undergoing an acquisition of Hostess Brands the makers of Twinkies in a 5 6 billion cash and stock deal 8 Listed on the New York Stock Exchange 9 J M Smucker ranks 426th on the Fortune 500 with an estimated 2022 market value of 14 6 billion 10 Contents 1 History 1 1 Founding 1897 1958 1 2 National expansion and IPO 1959 1984 1 3 Diversification and growth 1980s 2016 1 4 Recent 2017 present 1 5 Hostess Brands acquisition 2 Current brands 3 See also 4 References 5 External linksHistory editFounding 1897 1958 edit The J M Smucker Company was founded in 1897 by Jerome Monroe Smucker Smucker was born on December 5 1858 in Orrville Ohio and much of his life was spent as a farmer in Orrville In 1897 Smucker built a cider mill in Orrville The company which came to produce jellies jams and other food items has stated that he used apples from local Orrville trees planted by Johnny Appleseed in the early nineteenth century 11 3 Smucker prepared apple butter and sold it from the back of a horse drawn wagon 3 12 nbsp Smucker s brand logoThe company was incorporated in 1921 13 At the time the company sold preserves and jellies and by 1928 was distributing in Ohio Pennsylvania and Indiana After the company recorded losses in 1932 and 1933 in 1935 Smucker s eldest son Willard established a Smucker s plant in the state of Washington for pre processing apples which were then shipped to Orrville to be cooked After introducing its trademark glass jar in 1939 14 annual sales reached 1 million 15 In 1940 Smucker s introduced its first line of ice cream toppings and two years later began distributing its products nationally 16 During World War II the company faced shortages of labor glass and fruit In 1946 Smucker s earned the designation U S Grade A Fancy after it paid U S Department of Agriculture inspectors to oversee every aspect of its production 14 National expansion and IPO 1959 1984 edit The company went public in 1959 16 and the following year J M Smucker opened a manufacturing plant in Salinas California that increased its production capacity by 40 In 1960 Paul Smucker became president and the company hired Wyse Advertising of Cleveland to produce radio spots J M Smucker was then listed on the New York Stock Exchange NYSE in 1965 14 1963 saw J M Smucker s acquisition of the jams and jellies company Mary Ellen 17 13 Profits increased between 1959 and 1969 before dropping in 1970 Between 1973 and 1980 J M Smucker implemented cost cutting measures to increase profit margins acquiring manufacturing operations in Oregon Tennessee and California and consolidating packing operations 14 In 1978 J M Smucker debuted a low sugar spread that was so low in sugar the Food and Drug Administration wouldn t allow Smucker s to market it as a jam 9 J M Smucker acquired gourmet preserves company Dickinson s in 1979 13 and by 1980 J M Smucker was the number one jams and jellies company in the United States 15 with over 25 of the market in the United States 14 In 1981 Timothy Smucker was named president 14 and the company purchased Magic Shell the following year 16 After purchasing the pickle companies Wooster Preserving Co and the H W Madison Co in the 1960s 14 the company sold its unsuccessful pickle line in the early 1980s J M Smucker in 1984 continued to be traded on the NYSE with the Smucker family retaining a 30 interest in the business 9 That year J M Smucker acquired the juices company Knudsen amp Sons 13 14 Diversification and growth 1980s 2016 edit In the late 1980s the company began expanding internationally 14 under CEO Richard Smucker acquiring brands in Canada the United States Australia and Europe 18 In 1987 J M Smucker purchased R Line Foods 14 and in 1988 the company acquired the Canadian toppings brand Shirriff 18 which made products such as Good Morning Marmalade 13 J M Smucker s sales reached 367 million in 1989 15 In 1989 J M Smucker purchased the Australian company Henry Jones Foods 14 later selling it in 2004 to SPC Ardmona 19 By 1993 8 of J M Smucker s annual sales were international 14 The peanut butter company Laura Scudder s and the juice company After the Fall were purchased in 1994 13 and that year J M Smucker also changed advertising agencies from Wyse Advertising to the Leo Burnett Company 14 The annual Peanut Butter Festival in the town of New Bethlehem Pennsylvania is co sponsored by Smucker s 20 First held in 1996 21 the festival was held in New Bethlehem because the Smucker s peanut butter factory was the lead employer in the area at the time 22 In 1998 J M Smucker acquired the peanut butter company Adams 13 as well as the maker of a frozen crustless sandwich MenUSAver J M Smucker renamed the product Uncrustables 16 J M Smucker acquired Jif and Crisco in 2002 13 15 By 2004 the company was still headquartered in Orrville Ohio and had been family run for four generations Between 1998 and 2004 the company had appeared on Fortune magazine s annual listing of the 100 Best Companies to Work For in the United States each year ranking number one in 2004 23 That year the company purchased International Multifoods Corporation 16 24 Among the acquired brands in the deal were Pillsbury 15 Hungry Jack Pet Robin Hood Flour and Bick s pickles and condiments 25 The flour company White Lily Brand was acquired in 2006 13 In 2007 the company acquired King Kelly Orange Marmalade 26 and the Canadian company Five Roses Flour 27 Also in 2007 J M Smucker acquired Eagle Family Foods 28 which brought in the brands Eagle Brand Borden milk products None Such mincemeat and Kava coffee 29 In 2008 J M Smucker joined the Standard amp Poor s 500 Index 16 That May J M Smucker announced it had bought the food division of Knott s Berry Farm 30 from ConAgra Foods while Cedar Fair continued to own the theme park itself 31 That year it also purchased the frozen produce company Europe s Best in Canada and the Canadian milk brand Carnation 32 On November 6 2008 J M Smucker purchased the Folgers coffee brand division from Procter amp Gamble for 3 3 billion 33 34 35 acquiring brands such as Millstone Coffee in the process 36 The Reverse Morris Trust merger doubled J M Smucker s size 15 In 2010 J M Smucker acquired Rowland Coffee Roasters 37 makers of Latin coffee brands 38 39 followed by the North American coffee and tea operations of Sara Lee in 2011 40 J M Smucker acquired Big Heart Pet Brands in 2015 15 for 5 8 billion bringing in brands such as Milk Bone Meow Mix Kibbles n Bits and Pup Peroni 41 Also that year J M Smucker announced it would sell its canned milk operations in the United States to Eagle Family Foods Group LLC 42 In February 2015 J M Smucker and Keurig partnered together on making K Cup packs of Dunkin coffee 43 Mark Smucker was named CEO in 2016 16 Recent 2017 present edit nbsp Smucker s Canada Markham OntarioAfter an antitrust lawsuit filed by the Federal Trade Commission FTC in early March 2018 ConAgra Brands Inc and J M Smucker Co cancelled a deal for Smucker to purchase the Wesson cooking oil brand The FTC claimed that Smuckers would have controlled at least 70 of the market for branded canola and vegetable oils 44 As part of a strategy to focus on pet food coffee and snacking 45 on August 31 2018 J M Smucker announced it had sold its baking business in the United States to Brynwood Partners for 375 million 46 including the brands Pillsbury 47 Martha White Hungry Jack White Lily and Jim Dandy The baking business in Canada was retained 46 The company acquired Ainsworth Pet Nutrition in 2018 including the brands Better Than Treats Dad s Pet Care and Rachael Ray Nutrish 48 and in October 2018 J M Smucker consolidated its 580 million marketing business into Publicis Groupe 4 During the COVID 19 pandemic many J M Smucker employees began remote work 49 J M Smucker began providing pay and benefits to employees to avoid furloughs creating employee hardship and sick leave programs 50 By August 2020 its international and away from home segment had seen a quarterly sales decline of 9 The Smucker s brand had seen a 25 quarterly increase in sales Uncrustables had seen a 35 jump and Crisco had seen a 50 increase 51 In September 2020 the company announced a new logo and corporate brand identity with aims to distinguish Smucker the company from Smucker s brand food items J M Smucker Company was shortened to J M Smucker Co 52 In December 2020 J M Smucker sold Crisco to B amp G Foods 53 for 550 million part of the company s ongoing plan to divest of baking products in the United States 54 Overall in 2020 J M Smucker had 7 8 billion in net sales with free cash flow growing 26 from 2019 to 985 5 million 55 Its US retail consumer foods unit saw a 22 jump in annual profits while coffee rose 11 and pet food rose 6 56 After selling Natural Balance Pet Foods to Nexus Capital for 50 million in Jan 2021 57 in early 2022 the company sold R W Knudsen and truRoots to Nexus Capital The deal included an agreement for Nexus Capital to Santa Cruz Organic beverages although not the brand s food items The deal was estimated at 110 million 58 Hostess Brands acquisition edit On 11 September 2023 J M Smucker announced an acquisition of Hostess Brands for 5 6 billion in cash and stock 59 This will bring several snack brands including Twinkies CupCakes DingDongs HoHos Fruit Pies CoffeeCakes MiniMuffins and Voortman cookies along with seven manufacturing and distribution facilities and 3 000 employees to J M Smucker 8 The company expects the acquisition to close by April 2024 60 Current brands editJ M Smucker s three major business units are consumer foods pet food and snacks and coffee 4 The company is particularly known as a marketer and manufacturer of products such as fruit spreads peanut butter ice cream toppings sweetened condensed milk and health and natural foods and beverages 61 The Smucker s flagship brand manufactures and sells its own brands of fruit preserves jelly 62 peanut butter including Smucker s Goober PB amp J 63 syrups 64 ice cream toppings including Smucker s Magic Shell 65 and Uncrustables Sandwiches 66 In Canada the brands are limited to ice cream toppings 67 and preserves 68 J M Smucker brands currently include Foods 5 Bick s pickles and condiments Carnation milk in Canada Crosse amp Blackwell traditional English foods Five Roses flour in Canada Hostess Brands baked goods Jif peanut butter Knott s Berry Farm preserves Laura Scudder s peanut butter Robin Hood flour in Canada Smucker s Uncrustables sandwiches Pet foods 7 9Lives cat food Gravy Train dog food Kibbles n Bits dog food Meow Mix cat food Milk Bone dog treats Rachael Ray Nutrish dog and cat food Snausages dog treats Coffee 6 Cafe Bustelo Dunkin K Cup pre made coffee FolgersSee also edit nbsp Ohio portal nbsp Companies portal nbsp Food portalList of coffee companiesReferences edit The J M Smucker Co Introduces an Updated Corporate Identity to Better Reflect its Growth Diverse Portfolio Press release The J M Smucker Company September 23 2020 Retrieved October 16 2020 100 Best Companies to Work For 2008 J M Smucker CNN com 2008 a b c Smucker s History JMSmucker com The J M Smucker Company a b c Oliver McAteer October 29 2018 Publicis Groupe wins 580M J M Smucker pitch Campaign Live a b c d Consumer Foods Brands Smucker s a b Coffee Brands Smucker s 2021 a b Pet Food Brands Smucker s 2021 a b Roeloffs Mary September 11 2023 Smuckers Buying Hostess Brands In 5 6 Billion Snack Food Deal Forbes com a b c Ruth Walker August 2 1984 Smucker s a family run firm finds new ways to spread its jam The Christian Science Monitor J M Smucker Fortune 500 2022 Johnny Appleseed Heritage Center breaks ground near Mansfield Farm and Dairy August 16 2001 Retrieved June 10 2020 Jerome M Smucker ohiohistorycentral org Ohio History Connection a b c d e f g h i Smucker Company Timeline Smuckers com a b c d e f g h i j k l m International Directory of Company Histories Vol 11 Smucker s St James Press 1995 a b c d e f g Gary Hoover January 17 2020 Same Town Same Family The Smucker Saga American Business History Center a b c d e f g About Smucker s 2022 MARY ELLEN Mary Ellen s Inc Trademark Registration USPTO report Retrieved August 31 2022 a b Jacqueline Mitchell August 20 1989 The Smuckers Business Spreads Itself Worldwide Chicago Tribune SPC to acquire IXL for 51 m The Age May 12 2004 Retrieved March 11 2014 via theage com au Peanut Butter Festival Overview Redbank Valley Chamber of Commerce 2020 Gretchen McKay September 11 2019 Love peanut butter This nutty festival is probably for you Pittsburgh Post Gazette Josh Walzak September 9 2018 Peanut Butter Festival to be held in New Bethlehem The Courier Express 100 Best Companies to Work For in the United States Fortune January 12 2004 International Multifoods Shareholders Approve Merger With The J M Smucker Company allbusiness com The Associated Press March 9 2004 Smucker to Buy International MultiFoods The New York Times Townsend Adam Staff Writers November 22 2008 Why Did Food Maker Leave California Orange County Register Retrieved November 14 2017 via OCRegister com History fiveroses ca Five Roses Retrieved August 31 2017 About Us Eagle Family Foods Smucker acquires Eagle brands The Columbus Dispatch April 3 2007 J M Smucker Company Acquires Knott s Berry Farm R Food Brand From ConAgra Press release May 13 2008 via Reuters com Eades Mark May 27 2016 Knott s Berry Farm gets new boss a former Disneyland executive Orange County Register Retrieved August 22 2018 J M Smucker acquires Montreal based Europe s Best frozen fruit freshplaza com Canadian Press March 5 2008 Archived from the original on July 20 2011 Retrieved November 14 2017 Smucker s to buy Folgers coffee Plain Dealer June 4 2008 Archived from the original on March 3 2016 via Cleveland com The Marketing Doctor Says Smuckers Buys Folgers Marketing Doctor June 6 2008 Archived from the original blog on October 29 2013 The J M Smucker Company Announces Completion of Folgers Merger Folgers com Press release June 11 2008 Archived from the original on February 7 2009 Sitemap Millstone Coffee Millstone com March 22 2011 Retrieved January 25 2014 Cuban Coffee Brand May Pour Into Mainstream npr org NPR June 14 2011 Retrieved January 25 2014 The J M Smucker Company Acquires Leading Hispanic Brands From Rowland Coffee Roasters Cision US Inc May 16 2011 Retrieved August 18 2021 Medaglia d Oro About Us Medaglia d Oro Retrieved August 18 2021 Sara Lee Corp Announces Sale of Majority of North American Foodservice Coffee Operations to The J M Smucker Company SaraLee com Press release Downers Grove Illinois Sara Lee Corp October 24 2011 Archived from the original on September 9 2012 Retrieved November 14 2017 Mackinnon Jim February 3 2015 J M Smucker adds major pet food brands in transformational 5 8 billion purchase Akron Beacon Journal Retrieved February 4 2015 The J M Smucker Company to Divest its U S Canned Milk Brands and Operations Smucker s November 3 2015 Dunkin Brands the J m Smucker Company and Keurig Expand Partnership to Make Dunkin K Cup Packs Available at Retail Outlets Nationwide and Online Armental Maria March 6 2018 Smucker Conagra Call Off Wesson Oil Deal After FTC Challenge The Wall Street Journal The New York Times New York City United States Retrieved March 9 2018 The J M Smucker Company to Divest its U S Baking Business Smucker s July 9 2018 a b The J M Smucker Company Completes the Divestiture of its U S Baking Business Smucker s August 31 2018 Marchat Alissa September 4 2018 J M Smucker Co Closes 375M Deal With Hometown Food Co The Shelby Report Retrieved April 7 2019 Smucker to buy company behind Rachael Ray dog food The Washington Post April 4 2018 Archived from the original on April 5 2018 Ickes Samantha August 25 2020 Smucker aims to link workers working remotely Akron Beacon Journal J M Smucker outlines measures to help employees community during coronavirus pandemic Akron Beacon Journal March 24 2020 Alicia Wallace August 25 2020 Americans are resorting to frozen PB amp J and instant coffee That s good news for Smucker CNN Jim Mackinnon September 23 2020 J M Smucker s new corporate identity grows beyond jams and jellies Akron Beacon Journal B amp G Foods Completes Acquisition of Iconic Crisco Brand bgfoods com December 1 2020 The J M Smucker Co Completes the Divestiture of its Crisco Business and Updates Fiscal Year 2021 Outlook Smucker s December 1 2020 Annual Report Fiscal Year 2020 PDF Smucker s 2020 Garber Jonathan June 4 2020 JM Smucker sales hit record as coronavirus shoppers stock up kitchens Fox Business The J M Smucker Co Completes the Divestiture of its Natural Balance Business J M Smucker completes 110 million sale of natural organics businesses to investment firm JM Smucker to acquire Hostess Brands in 5 6bn deal FoodBev Media September 11 2023 Retrieved September 11 2023 Buyakie Bryce J M Smucker to eat up Hostess Brands in 5 6 billion acquisition Akron Beacon Journal Retrieved September 13 2023 The J M Smucker Company Declares Dividend Press release The J M Smucker Company October 20 2017 Retrieved November 14 2017 via PRNewswire com Fruit Spreads Smucker s 2021 Peanut Butter Smucker s 2021 Syrups Smucker s 2021 Ice Cream Topping Brands Smucker s 2021 Uncrustables Smucker s 2021 James Jellies and Fruit Spreads Smucker s 2021 Ice Cream Brands Smucker s 2021 External links edit nbsp Wikimedia Commons has media related to The J M Smucker Company Official website nbsp Business data for The J M Smucker Company GoogleSEC filingsYahoo Retrieved from https en wikipedia org w index php title The J M Smucker Company amp oldid 1181304067, wikipedia, wiki, book, books, library,

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