J.M. Smucker Company (The)

The J.M. Smucker Company is an American manufacturer of food and beverage products headquartered in Orrville, Ohio, with a legacy spanning over 128 years since its founding in 1897. The company has evolved from a modest apple butter producer into a diversified consumer packaged goods powerhouse with $8.2 billion in annual revenue as of fiscal year 2024 and approximately 9,000 employees. Led by fifth-generation family member Mark T. Smucker as CEO and Chairman, the company continues to be guided by its founding values while serving modern consumers across multiple categories.

Smucker operates through five strategic business areas: U.S. Retail Coffee (the largest segment at $2.7 billion), U.S. Retail Pet Foods, Frozen Handheld and Spreads, Sweet Baked Snacks (added following the 2023 Hostess acquisition), and Away From Home and International. The company's portfolio includes some of America's most beloved brands found in 90 percent of U.S. homes, including Folgers and Dunkin' coffee, Jif peanut butter, Smucker's fruit spreads, Uncrustables frozen sandwiches, Hostess snack cakes, Meow Mix and Milk-Bone pet foods, and many others.

The company's growth strategy has been anchored in strategic acquisitions that have transformed its business model. Major milestones include acquiring Jif and Crisco from Procter & Gamble for $813 million in 2002, purchasing Folgers coffee for $3.3 billion in 2008, acquiring Big Heart Pet Brands for $5.8 billion in 2015, and most recently completing the $5.6 billion acquisition of Hostess Brands in November 2023. These acquisitions have positioned Smucker as a leader in coffee, peanut butter, pet foods, and sweet baked snacks categories.

In fiscal year 2024, Smucker generated $8.2 billion in revenue with net income of $744 million and a market capitalization of $12 billion. The company has demonstrated strong performance in key growth brands, with Uncrustables on track to reach $1 billion in annual sales. Smucker's strategic focus includes portfolio optimization through targeted divestitures of non-core brands while investing in high-growth categories. The company completed divestitures of Voortman ($305 million, December 2024), certain value brands to JTM Foods ($40 million, March 2025), and other businesses to streamline operations and focus on core growth drivers. With a commitment to quality, people, ethics, growth, and independence rooted in its basic beliefs, Smucker continues to engage, delight, and inspire consumers through trusted food and beverage brands that bring joy throughout their lives.