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Archive Home > 2008 > June > 05 > J.M. Smucker to buy Folgers for $2.95B

J.M. Smucker to buy Folgers for $2.95B


June 5, 2008

CLEVELAND — Jam and jelly maker J.M. Smucker is buying coffee provider Folgers from consumer products company Procter & Gamble in a $2.95 billion, all-stock deal, Smucker’s biggest ever.

The deal announced Wednesday will nearly double Smucker’s size. Folgers....

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