J.M. Smucker has completed 3 recorded acquisitions and 0 divestitures or spin-offs, spanning 2002 to 2023.
| Date | Type | Assets | Counterparty | Value |
|---|---|---|---|---|
| Nov 2023 | Acquisition | Hostess and Twinkies | Hostess Brands | $5.6bn |
| Nov 2008 | Acquisition | Folgers | — | $3.3bn |
| Jun 2002 | Merger | Jif | — | $840m |
J.M. Smucker acquired Hostess Brands for $34.25 per share in cash and stock, adding Twinkies, CupCakes and Donettes to a portfolio built on coffee, peanut butter and pet snacks. Smucker outbid several other packaged food companies for the business.
Smucker acquired Folgers from Procter & Gamble for about $3.3 billion in a Reverse Morris Trust, a structure that let P&G divest the business to shareholders without a large tax charge. It made Smucker the largest packaged coffee company in the United States.
Smucker acquired Jif and Crisco from Procter & Gamble in a spin-off and merger valued at about $840 million. A company known for jam became the largest peanut butter seller in America, so the two halves of a sandwich came under one owner.
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