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
We are very pleased with the completion of the Folgers transaction and believe that, as the number one retail packaged coffee brand in the United States, Folgers clearly aligns with our strategy.Richard Smucker, Executive Chairman and Co-Chief Executive Officer, The J.M. Smucker Company
Advisory firms were not disclosed for this transaction.