Folgers, founded in 1850, is a leading producer of retail packaged coffee products in the United States. Folgers' broad product offering includes its original Folgers brand, Millstone and a license to manufacture and distribute Dunkin' Donuts coffee in the retail grocery market.
Richard Smucker, executive chairman and co-chief executive officer, said, "We are very pleased with the completion of the Folgers transaction and believe that, as the number one retail packaged coffee brand in the U.S., Folgers clearly aligns with our strategy to own and market number one food brands in North America."
Tim Smucker, chairman of the board and co-chief executive officer, said, "We welcome the Folgers team members into the Smucker family and look forward to leveraging the Folgers brand with our existing portfolio of iconic brands."
From the November 24, 2008, Prepared Foods e-Flash