Smucker buys Sara Lee food service coffee business
Jan. 4, 2012
ORRVILLE, OHIO — The J.M. Smucker Co. has completed its acquisition of the majority of Sara Lee’s North American food service coffee and hot beverage business.
The acquisition includes Sara Lee’s liquid coffee concentrate business sold under the Douwe Egberts brand as well as a variety of roast and ground coffee, cappuccino, tea and coco products.
“We are pleased to complete this transaction, which adds the market-leading liquid coffee concentrate business to the Smucker portfolio,” said Richard Smucker, chief executive officer. “The transaction further strengthens our position as a leading North American coffee company, provides new coffee technologies and adds significant scale to our food service business. We are excited to welcome the nearly 475 new employees into the Smucker family.”
The sale was originally announced in October.
“The sale of a major part of our North American coffee business to Smucker is the latest example of CoffeeCo’s focus on creating the strongest possible pure-play company,” said Jan Bennink, executive chairman of the board for Sara Lee. “We look forward to working with Smucker and to the promising future of our new independent coffee and tea company.”
Smucker and Sara Lee also have entered a long-term innovation partnership to work on liquid coffee technology for food service.