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Jellies maker Smucker closes Folgers coffee deal
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ORRVILLE, Ohio - Jelly and jams maker J.M. Smucker Co. has completed its $3 billion deal to buy Folgers coffee from Procter & Gamble Co.
The previously announced deal closed on Thursday and nearly doubles the size of Smucker. Smucker expects to add 150 to 200 jobs in the next year to its headquarters staff of 1,300 in Orrville in northeast Ohio.
Smucker products include Crisco cooking oil, Jif peanut butter, Uncrustables sandwiches, Pillsbury baking mixes and Hungry Jack potatoes and pancakes.
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On the Net:
Smucker: http://www.smucker.com
P&G: http://www.pg.com
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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