Acquisition closed
J.M. Smucker acquires Folgers (2008)
J.M. Smucker completed the acquisition of Folgers on 6 November 2008 for $3.3 billion.[1]
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.
Deal facts
- Announced
- Closed
- Value
- $3.3 billion (enterprise value)
- Buyer
- J.M. Smucker
- Seller
- —
- Assets
- Folgers
- Regulatory review
- None recorded
Ownership changes recorded from this deal
| Owner | Owned | Relationship | Stake | From | To |
|---|---|---|---|---|---|
| J.M. Smucker | Folgers | owns | 100% | 2008-11-06 | present |
Who owns Folgers today?
- Folgers — owned by J.M. Smucker since 2008
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] The J. M. Smucker Company Form 8-K — completion of the Folgers transaction — SEC EDGAR, SEC Form 8-K, published 6 November 2008; retrieved 8 September 2026.
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