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home / news releases / SJM - J.M. Smucker to partner with JDE Peet's on coffee innovation

SJM - J.M. Smucker to partner with JDE Peet's on coffee innovation

J.M. Smucker Company
J.M. Smucker (SJM) announces a strategic partnership with JDE Peet's  to support its Smucker Away From Home liquid coffee business with product development, production and foodservice equipment innovation. The agreement is expected to allow the company to more aggressively pursue liquid coffee innovation opportunities that will enhance current customer solutions and drive category growth. Financial terms of the arrangement were not disclosed. In a related decision, J.M. Smucker plans to close and pursue a sale of its Suffolk, Virginia, production facility in the spring of calendar year 2022.Source: Press ReleaseRead SJM's earnings call transcript for management's outlook on the new product categories.

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J.M. Smucker to partner with JDE Peet's on coffee innovation
Stock Information
Company Name: J.M. Smucker Company
Stock Symbol: SJM
Market: NYSE
Website: jmsmucker.com
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