M&A Deal Summary

J. M. Smucker Acquires Folgers

On June 4, 2008, J. M. Smucker acquired beverage company Folgers from Procter & Gamble for 3.3B USD

Acquisition Highlights
  • This is J. M. Smucker’s 1st transaction in the Beverages sector.
  • This is J. M. Smucker’s 3rd largest (disclosed) transaction.
  • This is J. M. Smucker’s 5th transaction in the United States.
  • This is J. M. Smucker’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2008-06-04
Target Folgers
Sector Beverages
Buyer(s) J. M. Smucker
Sellers(s) Procter & Gamble
Deal Type Divestiture
Deal Value 3.3B USD

Target

Folgers

Orrville, Ohio, United States
Folgers is a producer and packager of coffee, focused on serving the US market for budget coffee drinkers. Folgers was originally established in 1850 and is headquartered in Orrville, Ohio.

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Buyer(S) 1

Buyer

J. M. Smucker

Orrville, Ohio, United States
Category Company
Founded 1897
Sector Food
Employees7,300
Revenue 8.5B USD (2023)
DESCRIPTION

J. M. Smucker is a marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and natural foods products. J. M. Smucker was founded in 1897 and is based in Orrville, Ohio.

DEAL STATS #
Overall 5 of 12
Sector (Beverages) 1 of 2
Type (Divestiture) 3 of 4
State (Ohio) 2 of 2
Country (United States) 5 of 12
Year (2008) 2 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-13 ConAgra Foods - Knott s Berry Farm Food Brand

Omaha, Nebraska, United States

ConAgra Foods - Knott's Berry Farm Food Brand is a producer and markets high quality jams, jellies and preserves in the retail, gift boxes, and foodservice channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-16 Rowland Coffee Roasters

Miami, Florida, United States

Rowland Coffee Roasters is a producer of coffee products sold primarily to Caribbean Hispanic consumers in the United States.

Buy $360M

Seller(S) 1

SELLER

Procter & Gamble

Cincinnati, Ohio, United States
Category Company
Founded 1837
Sector Consumer Products
Employees108,000
Revenue 84.0B USD (2024)
DESCRIPTION
Entrance to Procter & Gamble's corporate headquarters in Cincinnati, Ohio.
Entrance to Procter & Gamble's corporate headquarters in Cincinnati, Ohio.

Procter & Gamble is a producer of branded consumer packaged goods. Procter & Gamble was formed in 1837 and is based in Cincinnati, Ohio.

DEAL STATS #
Overall 10 of 31
Sector (Beverages) 2 of 2
Type (Divestiture) 10 of 31
State (Ohio) 2 of 6
Country (United States) 10 of 28
Year (2008) 1 of 3
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 Fekkai

New York, New York, United States

Fekkai develops and produces hair and body care products, including shampoos, conditioners, treatments, hair fragrances, and styling products. Additionally, The company owns and operates a number of salons across the United States. Fekkai was founded in 1958 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-15 ThermaCare

Albany, Georgia, United States

ThermaCare is a provider of heat wraps. ThermaCare HeatWraps relieve pain and accelerate healing with therapeutic heat.

Sell -
Mergr

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