The J.M. Smucker Co. and JDE Peet’s Announce Strategic Liquid Coffee Partnership
March 24 2021 - 7:00AM
The J.M. Smucker Co. and JDE Peet’s Announce Strategic Liquid
Coffee Partnership
Press Release 24 March 2021 The J.M.
Smucker Co. and JDE Peet’s Announce Strategic Liquid Coffee
Partnership Orrville, Ohio / Amsterdam, The Netherlands |
J.M. Smucker Co. and JDE Peet’s announced a strategic partnership
today which will allow JDE Peet’s to support the Smucker Away From
Home liquid coffee business with product development, production
and foodservice equipment innovation.
“We are excited by the promise this partnership holds for our
Away From Home liquid coffee business,” said John Brase, Chief
Operating Officer, The J.M. Smucker Co. “The agreement will allow
us to more aggressively pursue liquid coffee innovation
opportunities that will enhance current customer solutions and
drive category growth.”
“We are excited to partner with The J.M. Smucker Co. to offer
liquid coffee products to their North American customers. Our
proprietary liquid coffee system efficiently delivers large
quantities of premium coffee in a hygienic manner, making it the
perfect solution for hospitals, universities, hotels, conference
centres and many other out-of-home customers.” Satya Menard, Global
President, Out-of-home, JDE Peet’s.
In a related decision, The J.M. Smucker Co. plans to close and
pursue a sale of its Suffolk, Virginia, production facility in the
spring of calendar year 2022.
Additional terms of the partnership will not be disclosed. This
partnership does not impact The J.M. Smucker Co.’s retail coffee
business.
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Media Enquiries Michael Orr (EN)/ Kim Vogten
(NL)JDE Peet’s Media@JDEPeets.com Ray Hancart J.M. Smucker Company
Ray.Hancart@jmsmuckers.com
About The J.M. Smucker Co. Each generation of
consumers leaves their mark on culture by establishing new
expectations for food and the companies that make it. At The J.M.
Smucker Co., it is our privilege to be at the heart of this dynamic
with a diverse portfolio that appeals to each generation of people
and pets and is found in nearly 90 percent of U.S. homes and
countless restaurants. This includes a mix of iconic brands
consumers have always loved such as Folgers®,
Jif® and Milk-Bone® and new favorites like Café
Bustelo®, Smucker's® Uncrustables® and Rachael Ray®
Nutrish®. By continuing to immerse ourselves in consumer
preferences and acting responsibly, we will continue growing our
business and the positive impact we have on society. For more
information, please visit www.jmsmuckers.com. The J.M. Smucker
Co. is the owner of all trademarks referenced herein except
for Rachael Ray®, a registered trademark of Ray Marks II
LLC, which is used under license.
About JDE Peet’s JDE Peet’s is the world's
largest pure-play coffee and tea company by revenue and served
approximately 4,500 cups of coffee or tea every second in 2020. JDE
Peet's unleashes the possibilities of coffee and tea in more than
100 developed and emerging markets through a portfolio of over 50
brands that collectively cover the entire category landscape led by
household names such as L’OR, Peet’s, Jacobs, Senseo, Tassimo,
Douwe Egberts, OldTown, Super, Pickwick and Moccona. In 2020, JDE
Peet’s generated total sales of EUR 6.7 billion and employed a
global workforce of more than 19,000 employees. Read more about our
journey towards a coffee and tea for every cup at
www.JDEPeets.com.
- JDEP-JMS-liquid-partnership
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