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« Corporate Income Tax | Main | Germany Plans to Privatize Freight Railroad »

June 4, 2008

P&G sells Foldgers to Smuckers

On Tuesday, J.M. Smucker Co. stated its intent to purchase the Folgers brand from Proctor and Gamble in an all-stock deal.  Given Folger's annual sales in excess of $1.6B, the price for the business could be upwards of $2B.  The acquisition of Folgers nearly doubles the size of Smucker and would give it the top-selling ground coffee brand in the United States.

June 4, 2008 in Mergers & Acquisitions | Permalink

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