ORRVILLE, Ohio and AMSTERDAM, March 24,
2021 /CNW/ -- The J.M. Smucker Co. (NYSE: SJM) and JDE
Peet's announced a strategic partnership today which will allow JDE
Peet's to support the Smucker Away From Home liquid coffee business
with product development, production and foodservice equipment
innovation.
"We are excited by the promise this partnership holds for our
Away From Home liquid coffee business," said John Brase, Chief Operating Officer, The J.M.
Smucker Co. "The agreement will allow us to more aggressively
pursue liquid coffee innovation opportunities that will enhance
current customer solutions and drive category growth."
"We are excited to partner with The J.M. Smucker Co. to offer
liquid coffee products to their North American customers. Our
proprietary liquid coffee system efficiently delivers large
quantities of premium coffee in a hygienic manner, making it the
perfect solution for hospitals, universities, hotels, conference
centres and many other out-of-home customers," Satya Menard, Global President, Out-of-home, JDE
Peet's.
In a related decision, The J.M. Smucker Co. plans to close and
pursue a sale of its Suffolk,
Virginia, production facility in the spring of calendar year
2022.
Additional terms of the partnership will not be disclosed. This
partnership does not impact The J.M. Smucker Co.'s retail coffee
business.
About The J.M. Smucker Co.
Each generation of consumers leaves their mark on culture by
establishing new expectations for food and the companies that make
it. At The J.M. Smucker Co., it is our privilege to be at the heart
of this dynamic with a diverse portfolio that appeals to each
generation of people and pets and is found in nearly 90 percent of
U.S. homes and countless restaurants. This includes a mix of iconic
brands consumers have always loved such as Folgers®,
Jif® and Milk-Bone® and new favorites
like Café Bustelo®, Smucker's®
Uncrustables® and Rachael Ray®
Nutrish®. By continuing to immerse ourselves in consumer
preferences and acting responsibly, we will continue growing our
business and the positive impact we have on society. For more
information, please visit jmsmucker.com.
The J.M. Smucker Co. is the owner of all trademarks
referenced herein except for Rachael Ray®, a
registered trademark of Ray Marks II LLC, which is used under
license.
About JDE Peet's
JDE Peet's is the world's largest pure-play coffee and tea company
by revenue and served approximately 4,500 cups of coffee or tea
every second in 2020. JDE Peet's unleashes the possibilities of
coffee and tea in more than 100 developed and emerging markets
through a portfolio of over 50 brands that collectively cover the
entire category landscape led by household names such as L'OR,
Peet's, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super,
Pickwick and Moccona. In 2020, JDE Peet's generated total sales of
EUR 6.7 billion and employed a global
workforce of more than 19,000 employees. Read more about our
journey towards a coffee and tea for every cup
at www.JDEPeets.com.
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SOURCE The J.M. Smucker Co.