J M SMUCKER Co acquires Sara Lee Corporation's North American foodservice coffee business
Snapshot
J M SMUCKER Co acquired Sara Lee Corporation's North American foodservice coffee business in January 2012. The transaction was structured as all cash. Sara Lee Corporation's North American foodservice coffee business is a North America-based Foodservice coffee and hot beverages business.
- Acquirer
- J M SMUCKER Co
- Target
- Sara Lee Corporation's North American foodservice coffee business
- Value
- (not disclosed)
- Date
- January 2012
- Type
- carve-out
- Status
- ready
The deal at a glance
About this deal
J M SMUCKER Co acquired Sara Lee Corporation's North American foodservice coffee business, a transaction completed in January 2012, structured as all cash. The deal was a carve-out.
Sara Lee Corporation's North American foodservice coffee business operates in Foodservice coffee and hot beverages, is based in North America. A majority of the North American foodservice coffee and hot beverage business of Sara Lee Corporation, including the market-leading liquid coffee concentrate business sold under the licensed Douwe Egberts brand, plus roast and ground coffee, cappuccino, tea and cocoa products sold through foodservice channels.
Strengthens Smucker's position as a leading North American coffee company, provides new coffee technologies, and adds significant scale to its foodservice business; the companies also entered a long-term innovation partnership on liquid coffee technology.
Market-leading liquid coffee concentrate franchise and added foodservice scale plus coffee technology. Integrated into Smucker's Foodservice / Coffee business
No advisory firms have been disclosed for this transaction.