{{Short description|American food and beverage manufacturer}} {{Redirects here|JM Smucker|the founder of the company|Jerome Monroe Smucker}} {{Redir|Smuckers|the song by Tyler, the Creator|Smuckers (song)}} {{Use mdy dates|date=October 2020}} {{Infobox company | name = The J.M. Smucker Company | logo = The J.M. Smucker Company logo.svg | logo_caption = Logo introduced in 2020<ref>{{cite press release|title=The J.M. Smucker Co. Introduces an Updated Corporate Identity to Better Reflect its Growth, Diverse Portfolio|url=https://www.jmsmucker.com/news-stories/news/22856|date=September 23, 2020|publisher=The J.M. Smucker Company|access-date=October 16, 2020}}</ref> | image = 7-20-22 Smucker HQ Orrville.jpg | image_size = 250px | image_caption = Headquarters in Orrville, Ohio | type = Public | traded_as = {{ubl|{{NYSE|SJM}}|S&P 500 component}} | industry = {{Ubl|Food|Beverage}} | founded = {{Start date and age|1897}} | founder = Jerome Monroe Smucker | hq_location = 1 Strawberry Lane | hq_location_city = Orrville, Ohio | hq_location_country = United States | area_served = Worldwide | key_people = Mark Smucker (chairman, president, and CEO) | revenue = {{increase}} {{US$|8.73 billion|link=yes}} | revenue_year = 2025 | operating_income = {{decrease}} −{{US$|674 million}} | income_year = 2025 | net_income = {{decrease}} −{{US$|1.2 billion}} | net_income_year = 2025 | assets = {{decrease}} {{US$|17.6 billion}} | assets_year = 2025 | equity = {{decrease}} {{US$|6.08 billion}} | equity_year = 2025 | products = Consumer foods, pet food, coffee | num_employees = 8,000 | num_employees_year = 2025 | subsid = {{ubl|Big Heart Pet Brands|Hostess Brands}} | website = {{URL|jmsmucker.com}} | footnotes = Financials {{as of |2025|4|30|lc=y|df=US}}.<ref>{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/0000091419/000009141925000056/sjm-20250430.htm |title=FY 2025 Annual Report (Form 10-K) |date=June 18, 2025 |publisher=U.S. Securities and Exchange Commission}}</ref> }}
'''The J.M. Smucker Company''', also known as '''Smucker's''', is an American manufacturer of food and beverage products. Headquartered in Orrville, Ohio,<ref>{{cite web| url= https://money.cnn.com/magazines/fortune/bestcompanies/2008/snapshots/47.html | archive-url= https://web.archive.org/web/20080130161925/http://money.cnn.com/magazines/fortune/bestcompanies/2008/snapshots/47.html | url-status= dead | archive-date= January 30, 2008 |title= 100 Best Companies to Work For 2008: J. M. Smucker | website= CNN.com|date= 2008}}</ref> the company was founded in 1897 as a maker of apple butter.<ref name="company-history" /> J.M. Smucker currently has three major business units: consumer foods, pet foods, and coffee.<ref name="NEWS-publicis"/> Its flagship brand, '''Smucker's''', produces fruit preserves, peanut butter, syrups, frozen crustless sandwiches, and ice cream toppings.<ref name="consuemrsatsmucker"/>
Among J.M. Smucker's other food and coffee brands are Bick's Pickle, Café Bustelo, Carnation Milk (Canada), Crosse & Blackwell, Dunkin',<ref name="coffeeatsmuckers"/> Five Roses (Canada), Folgers, Golden Temple (Canada), Jif, Knott's Berry Farm, Laura Scudder's, Robin Hood (Canada), Santa Cruz Organic,<ref name="consuemrsatsmucker"/> and Smucker's Uncrustables.<ref name="consuemrsatsmucker"/> Pet food brands include Meow Mix and Milk-Bone, among others.<ref name="petfoodssmuckers"/> In 2023, Smuckers acquired Hostess Brands, the makers of Twinkies, in a $5.6 billion cash and stock deal.<ref name=":0" /> Listed on the New York Stock Exchange (ticker symbol: SJM),<ref name="NEWS1984csmonoitor"/> J.M. Smucker ranks 426th on the ''Fortune'' 500, with an estimated 2022 market value of $14.6 billion.<ref>{{Cite web | date= 2022| title = J.M. Smucker| publisher = Fortune 500| url = https://fortune.com/company/j-m-smucker/fortune500/}}</ref>
== History == ===Founding (1897–1958)=== 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.<ref>{{cite web|url=https://www.farmanddairy.com/news/johnny-appleseed-heritage-center-breaks-ground-near-mansfield/3609.html |date=August 16, 2001 |title=Johnny Appleseed Heritage Center breaks ground near Mansfield |work=Farm and Dairy |access-date=June 10, 2020}}</ref><ref name="company-history">{{cite web|url=http://www.jmsmucker.com/smuckers-corporate/smuckers-history|title=Smucker's History| publisher= The J.M. Smucker Company| website= JMSmucker.com}}</ref> Smucker prepared apple butter and sold it from the back of a horse-drawn wagon.<ref name="company-history" /><ref>{{cite web| url= http://www.ohiohistorycentral.org/w/Jerome_M._Smucker| title= Jerome M. Smucker| website= ohiohistorycentral.org| publisher= Ohio History Connection| access-date= October 14, 2014| archive-date= October 17, 2014| archive-url= https://web.archive.org/web/20141017223833/http://www.ohiohistorycentral.org/w/Jerome_M._Smucker| url-status= dead}}</ref> right|thumb|Smucker's brand logo
The company was incorporated in 1921.<ref name="timeline">{{cite web| url= http://www.smuckers.com/family%5Fcompany/history/time_line.aspx?| title= Smucker Company Timeline| website= Smuckers.com| access-date= April 14, 2009| archive-date= April 12, 2009| archive-url= https://web.archive.org/web/20090412201742/http://www.smuckers.com/family_company/history/time_line.aspx| url-status= dead}}</ref> 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,<ref name="NEWS1995directory"/> annual sales reached $1 million.<ref name="NEWShistory2020"> {{Cite web| author =Gary Hoover| date =January 17, 2020| title =Same Town, Same Family: The Smucker Saga | publisher = American Business History Center| url= https://americanbusinesshistory.org/same-town-same-family-the-smucker-saga/}}</ref> In 1940, Smucker's introduced its first line of ice cream toppings, and two years later began distributing its products nationally.<ref name="about2022">{{Cite web| date =2022| title =About| publisher = Smucker's| url= https://www.jmsmucker.com/about}}</ref> 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."<ref name="NEWS1995directory">{{Cite web | date=1995| title =International Directory of Company Histories, Vol. 11 – Smucker's| publisher =St. James Press| url = http://www.fundinguniverse.com/company-histories/the-j-m-smucker-company-history/}}</ref>
===National expansion and IPO (1959–1984)=== The company went public in 1959,<ref name="about2022"/> 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.<ref name="NEWS1995directory"/>
1963 saw J.M. Smucker's acquisition of the jams and jellies company Mary Ellen.<ref>{{cite web |title=MARY ELLEN - Mary Ellen's, Inc. Trademark Registration |url=https://uspto.report/TM/71614560 |website=USPTO.report |access-date=31 August 2022 |language=en}}</ref><ref name="timeline"/> 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.<ref name="NEWS1995directory"/> 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.<ref name="NEWS1984csmonoitor"/> J.M. Smucker acquired gourmet preserves company Dickinson's in 1979,<ref name="timeline"/> and by 1980, J.M. Smucker was the number one jams and jellies company in the United States,<ref name="NEWShistory2020"/> with over 25% of the market in the United States.<ref name="NEWS1995directory"/>
In 1981, Timothy Smucker was named president<ref name="NEWS1995directory"/> and the company purchased Magic Shell the following year.<ref name="about2022"/> After purchasing the pickle companies Wooster Preserving Co. and the H.W. Madison Co. in the 1960s,<ref name="NEWS1995directory"/> 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.<ref name="NEWS1984csmonoitor">{{Cite news| author =Ruth Walker| date=August 2, 1984| title =Smucker's: a family-run firm finds new ways to spread its jam| newspaper =The Christian Science Monitor | url= https://www.csmonitor.com/1984/0802/080216.html}}</ref> That year J.M. Smucker acquired the juices company Knudsen & Sons.<ref name="timeline"/><ref name="NEWS1995directory"/>
===Diversification and growth (1980s–2016)=== In the late 1980s, the company began expanding internationally<ref name="NEWS1995directory"/> under CEO Richard Smucker, acquiring brands in Canada, the United States, Australia, and Europe.<ref name="NEW1989thin">{{Cite news| author-first = Jacqueline |author-last=Mitchell| date= August 20, 1989| title = The Smuckers' Business Spreads Itself Worldwide| newspaper = Chicago Tribune | url = https://www.chicagotribune.com/news/ct-xpm-1989-08-20-8901060027-story.html}}</ref> In 1987 J.M. Smucker purchased R-Line Foods,<ref name="NEWS1995directory"/> and in 1988 the company acquired the Canadian toppings brand Shirriff<ref name="NEW1989thin"/> which made products such as Good Morning Marmalade.<ref name="timeline"/> J.M. Smucker's sales reached $367 million in 1989.<ref name="NEWShistory2020"/> In 1989 J.M. Smucker purchased the Australian company Henry Jones Foods,<ref name="NEWS1995directory"/> later selling it in 2004 to SPC Ardmona.<ref>{{cite news |url=http://www.theage.com.au/articles/2004/05/12/1084289727079.html |title=SPC to acquire IXL for $51 m | via= theage.com.au |date=2004-05-12 |work=The Age |access-date= 2014-03-11}}</ref> By 1993, 8% of J.M. Smucker's annual sales were international.<ref name="NEWS1995directory"/>
The peanut butter company Laura Scudder's and the juice company After the Fall were purchased in 1994,<ref name="timeline"/> and that year J.M. Smucker also changed advertising agencies from Wyse Advertising to the Leo Burnett Company.<ref name="NEWS1995directory"/> The annual Peanut Butter Festival in the town of New Bethlehem, Pennsylvania is co-sponsored by Smucker's.<ref>{{Cite web| date = 2020| title = Peanut Butter Festival: Overview| publisher = Redbank Valley Chamber of Commerce| url = https://redbankchamber.com/peanut-butter-festival/}}</ref> First held in 1996,<ref>{{Cite news| author-first = Gretchen |author-last=McKay| date = September 11, 2019| title = Love peanut butter? This nutty festival is probably for you| newspaper = Pittsburgh Post-Gazette| url = https://www.post-gazette.com/life/food/2019/09/11/peanut-butter-festival-new-bethlehem-smucker-recipes-food/stories/201909040123}}</ref> the festival was held in New Bethlehem because the Smucker's peanut butter factory was the lead employer in the area at the time.<ref>{{Cite news| author-first = Josh |author-last=Walzak| date = September 9, 2018| title = Peanut Butter Festival to be held in New Bethlehem| newspaper = The Courier Express| url = http://www.thecourierexpress.com/tri_county_sunday/news/peanut-butter-festival-to-be-held-in-new-bethlehem/article_e6f57860-cf7d-5177-ba4d-cc6c1e47b69e.html}}</ref> In 1998, J.M. Smucker acquired the peanut butter company Adams,<ref name="timeline"/> as well as the maker of the ''Incredible Uncrustables'' frozen crustless sandwich, MenUSAver. J.M. Smucker renamed the product ''Uncrustables''.<ref name="about2022"/> J.M. Smucker acquired Jif and Crisco in 2002.<ref name="timeline"/><ref name="NEWShistory2020"/>
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.<ref>{{cite web| url= https://money.cnn.com/magazines/fortune/fortune_archive/2004/01/12/357945/index.htm | archive-url= https://web.archive.org/web/20061104030333/http://money.cnn.com/magazines/fortune/fortune_archive/2004/01/12/357945/index.htm | url-status= dead | archive-date= November 4, 2006 | work= Fortune| title= 100 Best Companies to Work For in the United States| date= January 12, 2004}}</ref> That year the company purchased International Multifoods Corporation.<ref name="about2022"/><ref>{{cite web| url= http://www.allbusiness.com/food-beverage/food-industry-food-mfg-miscellaneous/5198303-1.html| title= International Multifoods Shareholders Approve Merger With The J.M. Smucker Company| website= allbusiness.com}}</ref> Among the acquired brands in the deal were Pillsbury,<ref name="NEWShistory2020"/> Hungry Jack, Pet, Bick's pickles and condiments,<ref>{{Cite news| author = The Associated Press| date = March 9, 2004| title = Smucker to Buy International MultiFoods| newspaper = The New York Times| url= https://www.nytimes.com/2004/03/09/business/company-news-smucker-to-buy-international-multifoods.html}}</ref> and Canadian flour companies Golden Temple, and Robin Hood. In 2006, White Lily Brand was acquired.<ref name="timeline"/> In 2007, the Canadian flour company Five Roses was acquired.<ref>{{Cite web|url=http://fiveroses.ca/FiveRoses/History|title=History | publisher= Five Roses| website= fiveroses.ca|access-date=2017-08-31}}</ref> That same year, the company also acquired King Kelly Orange Marmalade,<ref>{{cite news | url= http://jan.ocregister.com/2010/06/01/why-did-food-maker-leave-california/38669/ | title= Why Did Food Maker Leave California? | via= OCRegister.com | first= Adam | last= Townsend | author2= Staff Writers | work= Orange County Register | date= November 22, 2008 | access-date= November 14, 2017 | archive-date= May 11, 2012 | archive-url= https://web.archive.org/web/20120511175426/http://jan.ocregister.com/2010/06/01/why-did-food-maker-leave-california/38669/ | url-status= dead }}</ref> Eagle Family Foods,<ref>{{cite web| url= http://www.eaglefamilyfoods.com/aboutUs.asp | title= About Us| publisher= Eagle Family Foods}}</ref> which brought in the brands Eagle Brand/Borden milk products, None Such mincemeat, and Kava coffee.<ref>{{Cite news| date = April 3, 2007| title = Smucker acquires Eagle brands| newspaper= The Columbus Dispatch| url =https://www.dispatch.com/story/business/2007/04/03/smucker-acquires-eagle-brands/24163295007/ }}</ref>
In 2008, J.M. Smucker joined the Standard & Poor's 500 Index.<ref name="about2022"/> That May, J.M. Smucker announced it had bought the food division of Knott's Berry Farm<ref>{{cite press release| url= https://www.conagrabrands.com/news-room/news-the-j-m-smucker-company-acquires-knotts-berry-farmr-food-brand-from-conagra-foods-inc-1145008 |title= J. M. Smucker Company Acquires Knott's Berry Farm(R) Food Brand From ConAgra| date= May 13, 2008| via= Reuters.com}}</ref> from ConAgra Foods, while Cedar Fair continued to own the theme park itself.<ref>{{cite news |last1=Eades |first1=Mark |title=Knott's Berry Farm gets new boss, a former Disneyland executive |url=https://www.ocregister.com/2016/05/27/knotts-berry-farm-gets-new-boss-a-former-disneyland-executive/ |access-date=August 22, 2018 |work=Orange County Register |date=May 27, 2016}}</ref> That year it also purchased the frozen produce company Europe's Best in Canada and the milk brand Carnation.<ref>{{cite web| url= http://www.freshplaza.com/news_detail.asp?id=17651| title= J.M. Smucker acquires Montreal-based Europe's Best frozen fruit | website= freshplaza.com| agency= Canadian Press| date= March 5, 2008 | url-status= dead| archive-url= https://web.archive.org/web/20110720032755/http://www.freshplaza.com/news_detail.asp?id=17651| archive-date= July 20, 2011| access-date= November 14, 2017}}</ref> On November 6, 2008, J.M. Smucker purchased the Folgers coffee brand division from Procter & Gamble for $3.3 billion,<ref>{{cite news | via= Cleveland.com | url= http://www.cleveland.com/business/plaindealer/index.ssf?/base/business-6/1212654813175770.xml&coll=2 | title= Smucker's to buy Folgers coffee | work= Plain Dealer | date= June 4, 2008 | url-status= dead | archive-url= https://web.archive.org/web/20160303174810/http://www.cleveland.com/business/plaindealer/index.ssf?%2Fbase%2Fbusiness-6%2F1212654813175770.xml&coll=2 | archive-date= March 3, 2016 }}</ref><ref>{{cite web | url= http://blog.marketingdoctor.tv/2008/06/06/tantillos-branding-bite.aspx | title= The Marketing Doctor Says: Smuckers Buys Folgers | work= Marketing Doctor | format= blog | date= June 6, 2008 | url-status= dead | archive-url= https://web.archive.org/web/20131029191044/http://blog.marketingdoctor.tv/2008/06/06/tantillos-branding-bite.aspx | archive-date= October 29, 2013 }}</ref><ref>{{cite press release | url= http://www.folgers.com/pressroom/press_release_06112008.shtml | title= The J. M. Smucker Company Announces Completion of Folgers Merger | work= Folgers.com | date= June 11, 2008 | url-status= dead | archive-url= https://web.archive.org/web/20090207005810/http://www.folgers.com/pressroom/press_release_06112008.shtml | archive-date= February 7, 2009 }}</ref> acquiring brands such as Millstone Coffee in the process.<ref>{{cite web |url=http://www.millstone.com/legal/ |title=Sitemap – Millstone Coffee |website=Millstone.com |date=2011-03-22 |access-date=2014-01-25 |archive-date=November 5, 2010 |archive-url=https://web.archive.org/web/20101105013120/http://www.millstone.com/legal/ |url-status=dead }}</ref> The Reverse Morris Trust merger doubled J.M. Smucker's size.<ref name="NEWShistory2020"/>
In 2010, J.M. Smucker acquired Rowland Coffee Roasters,<ref>{{cite web|url=https://www.npr.org/2011/06/14/137152633/cuban-coffee-brand-may-pour-into-mainstream?sc=fb&cc=fp |title=Cuban Coffee Brand May Pour Into Mainstream |author-first1=Kenny|author-last1=Malone|publisher=NPR |date= June 14, 2011 |access-date=2014-01-25}}</ref> makers of Latin coffee brands,<ref>{{cite news |title=The J. M. Smucker Company Acquires Leading Hispanic Brands From Rowland Coffee Roasters |url=https://www.prnewswire.com/news-releases/the-j-m-smucker-company-acquires-leading-hispanic-brands-from-rowland-coffee-roasters-121947483.html |access-date=18 August 2021 |publisher=Cision US Inc. |date=May 16, 2011}}</ref><ref>{{cite web |title=Medaglia d'Oro About Us |url=https://www.medagliadoro.com/about-us |website=Medaglia d'Oro |access-date=18 August 2021}}</ref> followed by the North American coffee and tea operations of Sara Lee in 2011.<ref>{{cite press release| title= Sara Lee Corp. Announces Sale of Majority of North American Foodservice Coffee Operations to The J.M. Smucker Company| archive-url= https://archive.today/20120909032113/http://www.saralee.com/en/NewsAndMedia/News/2011/SaraLeeCorpAnnouncesSaleofMajorityofNorthAmericanFoodserviceCoffeeOperationstoTheJMSmuckerCompany.aspx?p=1| archive-date= September 9, 2012| url= http://www.saralee.com/en/NewsAndMedia/News/2011/SaraLeeCorpAnnouncesSaleofMajorityofNorthAmericanFoodserviceCoffeeOperationstoTheJMSmuckerCompany.aspx?p=1| website= SaraLee.com| publisher= Sara Lee Corp.| place= Downers Grove, Illinois | date= October 24, 2011| access-date= November 14, 2017}}</ref> J.M. Smucker acquired Big Heart Pet Brands in 2015<ref name="NEWShistory2020"/> for $5.8 billion, bringing in brands such as Milk Bone, Meow Mix, Kibbles ‘n Bits and Pup-Peroni.<ref>{{cite news |first=Jim |last=Mackinnon |title=J.M. Smucker adds major pet food brands in 'transformational' $5.8 billion purchase |url=http://www.ohio.com/news/break-news/j-m-smucker-adds-major-pet-food-brands-in-transformational-5-8-billion-purchase-1.564057 |work=Akron Beacon Journal |date=2015-02-03 |access-date=2015-02-04 }}</ref> Also that year, J.M. Smucker announced it would sell its canned milk operations in the United States to Eagle Family Foods Group LLC.<ref>{{Cite web| date = November 3, 2015| title = The J. M. Smucker Company to Divest its U.S. Canned Milk Brands and Operations| publisher = Smucker's| url = https://investors.jmsmucker.com/2015-11-03-The-J-M-Smucker-Company-to-Divest-its-U-S-Canned-Milk-Brands-and-Operations,1| access-date = January 11, 2022| archive-date = January 13, 2022| archive-url = https://web.archive.org/web/20220113093046/https://investors.jmsmucker.com/2015-11-03-The-J-M-Smucker-Company-to-Divest-its-U-S-Canned-Milk-Brands-and-Operations,1| url-status = dead}}</ref> In February 2015, J.M Smucker and Keurig partnered together on making K-Cup packs of Dunkin' coffee.<ref>{{Cite web|url=https://news.dunkindonuts.com/news/dunkin-brands-the-j-m-smucker-company-and-keurig-expand-partnership-to-make-dunkin-k-cup-packs-available-at-retail-outlets-nationwide-and-online|title = Dunkin' Brands, the J.m. Smucker Company and Keurig Expand Partnership to Make Dunkin' K-Cup Packs Available at Retail Outlets Nationwide and Online}}</ref> Mark Smucker was named CEO in 2016.<ref name="about2022"/>
===Recent (2017–present)=== thumb|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.<ref>{{cite news |last=Armental |first=Maria |date=March 6, 2018 |title=Smucker, Conagra Call Off Wesson Oil Deal After FTC Challenge |url=https://www.wsj.com/articles/smucker-conagra-call-off-wesson-oil-deal-after-ftc-challenge-1520376297?mod=WSJ_Markets_LEFTTopStories&tesla=y | work=The Wall Street Journal |location=The New York Times, New York City, United States |access-date=March 9, 2018}}</ref> As part of a strategy to focus on pet food, coffee, and snacking,<ref>{{Cite web| date =July 9, 2018| title =The J. M. Smucker Company to Divest its U.S. Baking Business| publisher =Smucker's| url =https://investors.jmsmucker.com/2018-07-09-The-J-M-Smucker-Company-to-Divest-its-U-S-Baking-Business| access-date =January 9, 2022| archive-date =January 9, 2022| archive-url =https://web.archive.org/web/20220109201215/https://investors.jmsmucker.com/2018-07-09-The-J-M-Smucker-Company-to-Divest-its-U-S-Baking-Business| url-status =dead}}</ref> on August 31, 2018, J.M. Smucker announced it had sold its baking business in the United States to Brynwood Partners for $375 million,<ref name="PR2018Divest"/> including the brands Pillsbury,<ref>{{cite web|url=https://www.theshelbyreport.com/2018/09/04/smucker-co-closes-baking-biz-sale/|last=Marchat|first=Alissa|date=Sep 4, 2018|title=J.M. Smucker Co. Closes $375M Deal With Hometown Food Co.|work=The Shelby Report|access-date=April 7, 2019}}</ref> Martha White, Hungry Jack, White Lily, and Jim Dandy. The baking business in Canada was retained.<ref name="PR2018Divest">{{Cite web| date =August 31, 2018| title =The J. M. Smucker Company Completes the Divestiture of its U.S. Baking Business| publisher =Smucker's| url =https://investors.jmsmucker.com/2018-08-31-The-J-M-Smucker-Company-Completes-the-Divestiture-of-its-U-S-Baking-Business,1| access-date =January 9, 2022| archive-date =January 9, 2022| archive-url =https://web.archive.org/web/20220109201214/https://investors.jmsmucker.com/2018-08-31-The-J-M-Smucker-Company-Completes-the-Divestiture-of-its-U-S-Baking-Business,1| url-status =dead}}</ref> The company acquired Ainsworth Pet Nutrition in 2018, including the brands Better Than! Treats, Dad's Pet Care, and Rachael Ray Nutrish,<ref>{{cite news |title=Smucker to buy company behind Rachael Ray dog food |url=https://www.washingtonpost.com/business/smucker-to-buy-company-behind-rachael-ray-dog-food/2018/04/04/bca9e3f0-3857-11e8-af3c-2123715f78df_story.html |newspaper=The Washington Post |date=April 4, 2018 |url-status=dead |archive-url=https://web.archive.org/web/20180405032937/https://www.washingtonpost.com/business/smucker-to-buy-company-behind-rachael-ray-dog-food/2018/04/04/bca9e3f0-3857-11e8-af3c-2123715f78df_story.html |archive-date=April 5, 2018}}</ref> and in October 2018, J.M. Smucker consolidated its $580 million marketing business into Publicis Groupe.<ref name="NEWS-publicis">{{Cite web| author =Oliver McAteer| date =October 29, 2018| title =Publicis Groupe wins $580M J.M. Smucker pitch| newspaper =Campaign Live| url = https://www.campaignlive.com/article/publicis-groupe-wins-580m-jm-smucker-pitch/1497473}}</ref> During the COVID-19 pandemic many J.M. Smucker employees began remote work.<ref>{{Cite news | first =Samantha | last=Ickes| date =August 25, 2020| title =Smucker aims to link workers working remotely| newspaper = Akron Beacon Journal| url=https://www.beaconjournal.com/story/news/2020/08/25/smucker-aims-to-link-workers-working-remotely/113555238/}}</ref> J.M. Smucker began providing "pay and benefits to employees to avoid furloughs," creating employee hardship and sick leave programs.<ref>{{Cite news | date=March 24, 2020 | title=J.M. Smucker outlines measures to help employees, community during coronavirus pandemic | newspaper=Akron Beacon Journal | url=https://www.the-daily-record.com/news/20200324/jm-smucker-outlines-measures-to-help-employees-community-during-coronavirus-pandemic | access-date=January 10, 2022 | archive-date=October 21, 2021 | archive-url=https://web.archive.org/web/20211021204137/https://www.the-daily-record.com/news/20200324/jm-smucker-outlines-measures-to-help-employees-community-during-coronavirus-pandemic | url-status=dead }}</ref> 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.<ref>{{Cite news| author =Alicia Wallace| date =August 25, 2020| title =Americans are resorting to frozen PB&J and instant coffee. That's good news for Smucker| newspaper=CNN | url = https://www.cnn.com/2020/08/25/business/smucker-sales-pbj-coffee/index.html}}</ref> 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.<ref>{{Cite news| author = Jim Mackinnon| date= September 23, 2020| title = J.M. Smucker's new corporate identity grows beyond jams and jellies| newspaper = Akron Beacon Journal| url =https://www.beaconjournal.com/story/business/2020/09/23/new-jm-smucker-corporate-logo-aims-future/5857144002/}}</ref> In December 2020 J.M. Smucker sold Crisco to B&G Foods<ref>{{cite web | date = December 1, 2020 | title = B&G Foods Completes Acquisition of Iconic Crisco® Brand | publisher = bgfoods.com | url = https://www.bgfoods.com/investor-relations/news/article/13851 }}</ref> for $550 million, part of the company's ongoing plan to divest of baking products in the United States.<ref>{{Cite web| date =December 1, 2020| title =The J.M. Smucker Co. Completes the Divestiture of its Crisco® Business and Updates Fiscal Year 2021 Outlook| publisher =Smucker's| url =https://investors.jmsmucker.com/2020-12-01-The-J-M-Smucker-Co-Completes-the-Divestiture-of-its-Crisco-R-Business-and-Updates-Fiscal-Year-2021-Outlook| access-date =January 10, 2022| archive-date =January 7, 2022| archive-url =https://web.archive.org/web/20220107221123/https://investors.jmsmucker.com/2020-12-01-The-J-M-Smucker-Co-Completes-the-Divestiture-of-its-Crisco-R-Business-and-Updates-Fiscal-Year-2021-Outlook| url-status =dead}}</ref> 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.<ref>{{Cite web | date=2020| title =Annual Report Fiscal Year 2020| publisher= Smucker's | url= https://s3.us-east-2.amazonaws.com/jms-s3-com-jms-p-pmc6/assets/news-stories/corporate-publications/2020-annual-report-full.pdf}}</ref> Its US retail consumer foods unit saw a 22% jump in annual profits, while coffee rose 11% and pet food rose 6%.<ref>{{Cite news| first=Jonathan | last=Garber| date =June 4, 2020| title=JM Smucker sales hit record as coronavirus shoppers stock up kitchens| newspaper =Fox Business | url =https://www.foxbusiness.com/markets/jm-smucker-earnings-coronavirus-q4-2020}}</ref> After selling Natural Balance Pet Foods to Nexus Capital for $50 million in Jan. 2021,<ref>{{Cite web|url=https://investors.jmsmucker.com/2021-01-29-The-J-M-Smucker-Co-Completes-the-Divestiture-of-its-Natural-Balance-R-Business|title=The J.M. Smucker Co. Completes the Divestiture of its Natural Balance® Business|access-date=February 20, 2022|archive-date=February 20, 2022|archive-url=https://web.archive.org/web/20220220220007/https://investors.jmsmucker.com/2021-01-29-The-J-M-Smucker-Co-Completes-the-Divestiture-of-its-Natural-Balance-R-Business|url-status=dead}}</ref> in early 2022, the company sold R.W. Knudsen and truRoots to Nexus Capital. The deal included an agreement for Nexus Capital to license Santa Cruz Organic beverages, although not the brand's food items. The deal was estimated at $110 million.<ref>{{Cite web|url=https://news.yahoo.com/j-m-smucker-completes-110-181950394.html|title=J.M. Smucker completes $110 million sale of natural/organics businesses to investment firm|date=February 1, 2022|website=Yahoo News}}</ref> In January 2024, the Knott's Berry Farm grocery brand was discontinued due to low sales.<ref>{{Cite web |last=Hauari |first=Gabe |title=Knott's Berry Farm jams, jellies no longer available in stores after brand discontinued |url=https://www.usatoday.com/story/money/2024/01/24/knotts-berry-farm-jam-discontinued/72335327007/ |access-date=2024-11-20 |website=USA TODAY |language=en-US}}</ref>
===Hostess Brands acquisition=== On 11 September 2023, J.M. Smucker announced an acquisition of Hostess Brands for $5.6 billion in cash and stock.<ref>{{Cite web |date=2023-09-11 |title=JM Smucker to acquire Hostess Brands in $5.6bn deal |url=https://www.foodbev.com/news/jm-smucker-to-acquire-hostess-brands-in-5-6bn-deal/ |access-date=2023-09-11 |website=FoodBev Media |language=en-GB}}</ref> 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.<ref name=":0">{{Cite news |last=Roeloffs |first=Mary |date=11 September 2023 |title=Smuckers Buying Hostess Brands In $5.6 Billion Snack Food Deal |work=Forbes.com |url=https://www.forbes.com/sites/maryroeloffs/2023/09/11/smuckers-buying-hostess-brands-iin-56-billion-snack-food-deal/?sh=33c1c6e4676a}}</ref> The acquisition was completed in November 2023.<ref>{{cite news |last1=Gignac |first1=Rachel |title=The J.M. Smucker Co. Completes Hostess Acquisition |url=https://www.cspdailynews.com/snacks-candy/jm-smucker-co-completes-hostess-acquisition |access-date=21 November 2023 |work=CSP Daily News |date=17 November 2023 |language=en}}</ref>
==Current brands== J.M. Smucker's four major business units are consumer foods, pet food, snacks, and coffee.<ref name="NEWS-publicis"/> 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.<ref>{{cite press release| url= https://www.prnewswire.com/news-releases/the-j-m-smucker-company-declares-dividend-300540476.html | via= PRNewswire.com| publisher= The J. M. Smucker Company| title= The J. M. Smucker Company Declares Dividend| date= October 20, 2017| access-date= November 14, 2017}}</ref> The Smucker's flagship brand manufactures and sells its own brands of fruit preserves, jelly,<ref>{{Cite web| date =2021| title =Fruit Spreads| publisher =Smucker's| url =https://www.smuckers.com/products/fruit-spreads| access-date =December 24, 2021| archive-date =December 24, 2021| archive-url =https://web.archive.org/web/20211224215830/https://www.smuckers.com/products/fruit-spreads| url-status =dead}}</ref> peanut butter including Smucker's Goober PB&J,<ref>{{Cite web| date =2021| title =Peanut Butter| publisher =Smucker's| url =https://www.smuckers.com/products/peanut-butter| access-date =December 24, 2021| archive-date =December 24, 2021| archive-url =https://web.archive.org/web/20211224195811/https://www.smuckers.com/products/peanut-butter| url-status =dead}}</ref> syrups,<ref>{{Cite web| date=2021| title=Syrups| publisher=Smucker's| url=https://www.smuckers.com/products/syrups| access-date=December 24, 2021| archive-date=December 24, 2021| archive-url=https://web.archive.org/web/20211224195811/https://www.smuckers.com/products/syrups| url-status=dead}}</ref> ice cream toppings including Smucker's Magic Shell,<ref>{{Cite web| date =2021| title =Ice Cream Topping Brands| publisher =Smucker's| url =https://www.smuckers.com/products/ice-cream-toppings| access-date =December 24, 2021| archive-date =December 24, 2021| archive-url =https://web.archive.org/web/20211224201315/https://www.smuckers.com/products/ice-cream-toppings| url-status =dead}}</ref> and the ''Uncrustables'' sealed crustless sandwich.<ref>{{Cite web| date =2021| title =Uncrustables| publisher =Smucker's| url =https://www.smuckersuncrustables.com/products| access-date =December 24, 2021| archive-date =November 18, 2021| archive-url =https://web.archive.org/web/20211118190821/https://www.smuckersuncrustables.com/products| url-status =dead}}</ref> In Canada, the brands are limited to ice cream toppings<ref>{{Cite web| date =2021| title = James, Jellies, and Fruit Spreads| publisher = Smucker's| url= https://www.smuckers.ca/Products/Jams-Jellies-and-Fruit-Spreads}}</ref> and preserves.<ref>{{Cite web| date =2021| title =Ice Cream Brands| publisher = Smucker's| url = https://www.smuckers.ca/Products/ice-cream}}</ref>
J.M. Smucker brands currently include: {{columns-start|num=3}} '''Foods'''<ref name="consuemrsatsmucker">{{Cite web| title = Consumer Foods Brands| publisher = Smucker's| url = https://www.jmsmucker.com/brands-you-love/consumer-foods| access-date = December 24, 2021| archive-date = December 5, 2021| archive-url = https://web.archive.org/web/20211205051915/https://www.jmsmucker.com/brands-you-love/consumer-foods| url-status = dead}}</ref> *Bick's (pickles and condiments) * [https://www.carnationmilk.ca/En/About-Us Carnation Milk] (Canada) *Crosse & Blackwell (British) * [https://www.fiveroses.ca Five Roses] (Canada) * [https://www.goldentemple.ca/Products Golden Temple] (Canada) *Hostess Brands (baked goods) *Jif (peanut butter) *Laura Scudder's (peanut butter) * [https://www.robinhood.ca/En/Home Robin Hood] (Canada) *Smucker's Uncrustables (crustless sandwiches) {{column}}
'''Pet foods'''<ref name="petfoodssmuckers">{{Cite web| date = 2021| title = Pet Food Brands| publisher = Smucker's| url = https://www.jmsmucker.com/brands-you-love/pet-foods| access-date = December 24, 2021| archive-date = December 24, 2021| archive-url = https://web.archive.org/web/20211224195140/https://www.jmsmucker.com/brands-you-love/pet-foods| url-status = dead}}</ref> *Meow Mix (cat food) *Milk-Bone (dog treats) *Snausages (dog treats) {{column}}
'''Coffee'''<ref name="coffeeatsmuckers">{{Cite web| date =2021| title =Coffee Brands| publisher = Smucker's| url= https://www.jmsmucker.com/brands-you-love/coffee}}</ref> *Café Bustelo *Dunkin' (K-Cup, pre-made coffee) *Folgers {{columns-end}}
==See also== {{Portal|Ohio|Companies|Food}} *List of coffee companies {{Clear}}
==References== {{Reflist}}
==External links== {{commons category}} *{{Official website}} {{Finance links | name = The J. M. Smucker Company | symbol = SJM | sec_cik = 91419 | yahoo = SJM | google = SJM:NYSE }}
{{Smucker's|state=expanded}} {{S&P 500 companies}} {{Authority control}}
{{DEFAULTSORT:J.M. Smucker Company}} Category:The J.M. Smucker Co. brands Category:Food and drink companies based in Ohio Category:Brand name condiments Category:Baking mixes Category:American companies established in 1897 Category:Animal food manufacturers Category:Food and drink companies established in 1897 Category:1897 establishments in Ohio Category:Companies based in Wooster, Ohio Category:1950s initial public offerings Category:Companies listed on the New York Stock Exchange Category:Companies in the S&P 500 Dividend Aristocrats Category:Condiment companies of the United States Category:Fruit preserve companies Category:Coffee companies of the United States Category:Veterinary companies of the United States Category:Wayne County, Ohio