J M SMUCKER Co acquires The Folgers Coffee Company
Snapshot
J M SMUCKER Co acquired The Folgers Coffee Company for approximately $3 billion (all-stock Reverse Morris Trust, including ~$350 million of Folgers debt guaranteed by Smucker) in November 2008. The transaction was structured as all stock (Reverse Morris Trust). The Folgers Coffee Company is a Cincinnati, Ohio, USA (United States)-based Retail packaged coffee business.
- Acquirer
- J M SMUCKER Co
- Target
- The Folgers Coffee Company
- Value
- approximately $3 billion (all-stock Reverse Morris Trust, including ~$350 million of Folgers debt guaranteed by Smucker)
- Date
- November 2008
- Type
- merger
- Status
- ready
The deal at a glance
About this deal
J M SMUCKER Co acquired The Folgers Coffee Company for approximately $3 billion (all-stock Reverse Morris Trust, including ~$350 million of Folgers debt guaranteed by Smucker), a transaction completed in November 2008, structured as all stock (Reverse Morris Trust). The deal was a merger.
The Folgers Coffee Company operates in Retail packaged coffee, is based in Cincinnati, Ohio, USA (United States). The Folgers Coffee Company, a subsidiary of The Procter & Gamble Company, is the leading producer of retail packaged coffee products in the United States. Founded in 1850, Folgers' offering includes the original Folgers brand, Millstone, and a license to manufacture and distribute Dunkin' Donuts coffee in the retail grocery market.
As the number one retail packaged coffee brand in the United States, Folgers aligns with Smucker's strategy of owning and marketing leading North American food brands.
The #1 retail packaged coffee brand in the U.S., transformatively scaling Smucker's coffee business. Became Smucker's Coffee segment anchor brand
No advisory firms have been disclosed for this transaction.