J.M. Smucker

Maker of foods and snacks including jelly and peanut butter.

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Headquarters:
Strawberrry Lane
Orrville, OH 44667
Employees: 4,700
Co-CEOs: Timothy Smucker and Richard Smucker
Stock Symbol: SJM

Website: http://www.smucker.com

Career Site

The J.M. Smucker company is a well-known maker of jellies, peanut butter, shortening and oils, ice cream toppings, coffee and health and natural foods beverages,

The company sells products under the brands Smucker's, Jif, Folgers and Crisco along with Pillsbury baking mixes and ready-to-spread frostings; Hungry Jack pancake mixes, syrups and potato side dishes; and Martha White baking mixes and ingredients in the U.S., along with Robin Hood flour and baking mixes, and Bick's pickles and condiments in Canada.

Smucker products are distributed in 45 countries.

J.M. Smucker acquired the Folgers business from Procter and Gamble in 2008.

Smucker has been named one of the Best Companies to Work for in America by Fortune magazine 12 times.

In fiscal 2010, the company reported revenues of $4.6 billion, up 32% from last year, and net income of $494.1 million.

History

In the early 19th century, John Chapman, or "Johnny Appleseed," wandered the Ohio countryside, sowing apple seeds and securing a place in American history.

It was from the fruit of Johnny Appleseed's trees that Orrville, OH resident Jerome Monroe Smucker opened his first apple cider mill in 1897. Later, he also prepared apple butter, which he sold from the back of a horse-drawn wagon. Each crock bore a hand-signed seal as his personal guarantee of quality.

Before long, J.M. Smucker's name became well known in its own right, as residents throughout the region ­ and eventually the nation ­ came to associate the Smucker's name with wholesome, high-quality fruit products. The company would begin national distribution of its products in 1942 and would go public in 1959.

The company acquired Multifoods in June 2004 which gives the company a major presence in Canada.

In June 2002, The J. M. Smucker Company added Jif and Crisco to its family of brands in a transaction with Procter & Gamble.

In 2008, J.M. Smucker completed the acquisition of Folgers coffee business from Procter and Gamble for $3 billion.

Updated June 17, 2010