MultiVu Video Feed: The J.M. Smucker Company and Procter & Gamble Reach Agreement to Merge Folgers into The Smucker Company

Today, The J.M. Smucker Company and the Procter & Gamble Company announced the signing of an agreement to merge the Folgers(R) coffee business into The J.M. Smucker Company. The transaction, which is expected to close in the fourth quarter of this year, is valued at more than $3 billion.

Folgers - the leading producer of retail packaged coffee products in the united states, with more than $1.8 billion in annual sales - is Smucker's tenth #1 brand in North America. The company's lineup of well-known household brands already includes Smucker's(R), Jif(R), Crisco(R), Pillsbury(R), Eagle Brand(R), Hungry Jack(R), Robin Hood(R) and Bick's(R). Folgers' portfolio of products are sold primarily under its flagship Folgers(R) brand and the Millstone(R) brand. The transaction will result in total annual sales approaching $5 billion for The Smucker Company.

Following completion of the transaction, the expanded Smucker Company will add more than 1,250 employees to its existing 3,300 employees, including sales, marketing, coffee procurement, product development, supply chain and administrative functions in Cincinnati, Ohio and manufacturing facilities in New Orleans, La.; Kansas City, Mo.; and Sherman, Texas, along with a key distribution center in New Orleans.

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  Wednesday, June 4th, 2008
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NEWS: The J.M. Smucker Company and P&G Reach Agreement to Merge Folgers into The Smucker Company

FORMAT: B-roll and Soundbites

ADDITIONAL RESOURCES: Video, contact information and more available at: http://www.prnewswire.com/broadcast/33551/press.html

  SOUNDBITES:
  * General and financial comments on the transaction from Co-CEOs, Richard
    and Tim Smucker
  * Co-CEO comments regarding specific locations: New Orleans, La.; Kansas
    City, Mo.; Sherman, Texas

  B-ROLL INCLUDES:
  * Corporate headquarters and buildings
  * product production
  * finished product shots
  * logos



VIDEO PROVIDED BY: The J.M. Smucker Company and The Procter & Gamble Company

Contact:  FOR MORE INFORMATION, PLEASE CALL: MultiVu Media Relations, 1-800-653-5313 EXT. 3 

http://www.prnewswire.com/broadcast/33551/press.htmlDATASOURCE: The J.M. Smucker Company and The Procter & Gamble Company



CONTACT:  FOR TECHNICAL INFORMATION OR HARD COPY, PLEASE CALL: MultiVu

Media Relations, 1-800-653-5313 EXT. 3



Web site:  http://www.smuckers.com/ 

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