Family-run JM Smucker is best-known as the US leader in preserves and spreads, but in recent years the company has widened its offering dramatically with two major acquisitions. The purchase of Folgers from P&G in 2008 made Smucker's the #1 coffee business in North America. Seven years later, the group added a leading role in petfoods with the purchase of Big Heart Pet Brands, previously part of the old Del Monte business.
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Adbrands Weekly Update 5th Jun 2017: Conagra continued to prune its brand portfolio with a deal to sell the Wesson cooking and salad oil brand to JM Smucker for around $285m, about the same as the brand's annual sales. Conagra will continue to manufacture the product under contract for the first year of the deal.
Adbrands Weekly Update 5th Feb 2015: In a significant expansion of its existing business, spreads and coffee company JM Smucker has agreed to acquire America's third-biggest pet food marketer Big Heart Pet Brands for $3.2bn (or $5.8bn including Big Heart's debt). The target company was known as Del Monte Foods until it sold its fruit and veg operations last year. Brands include Meow Mix, Milk-Bone and Natural Balance. "With approximately two-thirds of US households having at least one family pet, we will now be able to serve the mealtime and snacking needs of the whole family," said Smucker CEO Richard Smucker. It is the second transformational acquisition for what was once a small family-owned jam-maker. In 2008 it added Procter & Gamble's mammoth Folgers coffee business.
Subscribers may access the following website links here:
JM Smucker website
|Folgers||Big Heart Pet Brands|
|Smucker's||After The Fall|
|Jif peanut butter||Hungry Jack|
|Knott's Berry Farm||Pillsbury|
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