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J M Smucker Co

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BUSINESS
August 16, 2002 | Bloomberg News
J.M. Smucker Co., the biggest U.S. maker of jams and jellies, said first-quarter profit rose 87% as the purchase of the Jif peanut butter and Crisco cooking oil brands boosted sales. Net income rose to $16 million, or 39 cents a share, from $8.55 million, or a restated 37 cents, a year earlier, the Orrville, Ohio-based company said. Sales in the quarter ended July 31 increased 62% to $274.9 million from $169.8 million. Smucker shares fell $1.41 to $34.94 in NYSE trading.
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BUSINESS
August 17, 2011 | By Tiffany Hsu, Los Angeles Times
Got the jitters over high coffee prices? Some relief is brewing. J.M. Smucker Co., the nation's top producer of packaged coffee, is slashing prices on its Folgers and Dunkin' Donuts branded lines an average of 6%. The cut is a turnaround from the spring when Smucker and other major producers raised prices after heavy rains in some growing regions pushed up bean costs. In addition to lackluster harvests, high demand from emerging markets such as China and speculative trading in commodity markets helped drive up prices.
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BUSINESS
January 15, 2005 | From Bloomberg News
J.M. Smucker Co., the largest U.S. maker of jellies and jams, agreed to sell its U.S. food service and bakery-products businesses and some Canadian operations to Value Creation Partners Inc. for about $43 million. The sale includes a plant in La Mirada. The units, acquired last year when Smucker purchased International Multifoods Corp., had sales of $202.5 million for the year ended Feb. 28, the Orrville, Ohio-based company said.
BUSINESS
January 15, 2005 | From Bloomberg News
J.M. Smucker Co., the largest U.S. maker of jellies and jams, agreed to sell its U.S. food service and bakery-products businesses and some Canadian operations to Value Creation Partners Inc. for about $43 million. The sale includes a plant in La Mirada. The units, acquired last year when Smucker purchased International Multifoods Corp., had sales of $202.5 million for the year ended Feb. 28, the Orrville, Ohio-based company said.
BUSINESS
June 18, 2004 | From Bloomberg News
J.M. Smucker Co., the largest U.S. maker of jellies and jams, said fourth-quarter earnings fell 4.6% on restructuring costs and lower sales of brands including Crisco shortening. Net income fell to $22.2 million, or 44 cents a share, from $23.2 million, or 46 cents, a year earlier, the Orrville, Ohio-based company said. Sales in the quarter ended April 30 declined 1.1% to $325.4 million, the first drop in more than three years. Shares of Smucker fell $2.15 to $46.50 on the NYSE.
BUSINESS
October 11, 2001 | From Reuters
Jelly maker J.M. Smucker Co. agreed Wednesday to acquire Procter & Gamble Co.'s Jif peanut butter and Crisco shortening brands for about $813 million in stock. The deal, prompted by P&G's ongoing effort to shed brands and trim its food business, is structured as a tax-free transaction for both companies and P&G shareholders, who will own 53% of a new Smucker company once the merger is completed.
BUSINESS
August 17, 2011 | By Tiffany Hsu, Los Angeles Times
Got the jitters over high coffee prices? Some relief is brewing. J.M. Smucker Co., the nation's top producer of packaged coffee, is slashing prices on its Folgers and Dunkin' Donuts branded lines an average of 6%. The cut is a turnaround from the spring when Smucker and other major producers raised prices after heavy rains in some growing regions pushed up bean costs. In addition to lackluster harvests, high demand from emerging markets such as China and speculative trading in commodity markets helped drive up prices.
BUSINESS
December 31, 1986
J. M. Smucker Co. of Orrville, Ohio, named Timothy P. Smucker chairman and Richard K. Smucker president. Paul H. Smucker, who had been chairman, will become chairman of the executive committee and will remain chief executive. Timothy Smucker had been president and Richard Smucker had been executive vice president.
BUSINESS
November 30, 2004
* Sun Microsystems Inc. has agreed to buy closely held Ashburn, Va.-based SevenSpace Inc., adding to Sun's managed services offerings. Terms weren't disclosed. * J.M. Smucker Co. said it planned to close a California processing plant in Salinas and cut other U.S. jobs as part of restructuring efforts. Smucker said work at the Salinas plant, set to close by the end of 2005, would be moved to Orrville, Ohio, and Memphis, Tenn. The Salinas plant, in operation since 1961, employs 180 people.
BUSINESS
June 18, 2004 | From Bloomberg News
J.M. Smucker Co., the largest U.S. maker of jellies and jams, said fourth-quarter earnings fell 4.6% on restructuring costs and lower sales of brands including Crisco shortening. Net income fell to $22.2 million, or 44 cents a share, from $23.2 million, or 46 cents, a year earlier, the Orrville, Ohio-based company said. Sales in the quarter ended April 30 declined 1.1% to $325.4 million, the first drop in more than three years. Shares of Smucker fell $2.15 to $46.50 on the NYSE.
BUSINESS
August 16, 2002 | Bloomberg News
J.M. Smucker Co., the biggest U.S. maker of jams and jellies, said first-quarter profit rose 87% as the purchase of the Jif peanut butter and Crisco cooking oil brands boosted sales. Net income rose to $16 million, or 39 cents a share, from $8.55 million, or a restated 37 cents, a year earlier, the Orrville, Ohio-based company said. Sales in the quarter ended July 31 increased 62% to $274.9 million from $169.8 million. Smucker shares fell $1.41 to $34.94 in NYSE trading.
BUSINESS
October 11, 2001 | From Reuters
Jelly maker J.M. Smucker Co. agreed Wednesday to acquire Procter & Gamble Co.'s Jif peanut butter and Crisco shortening brands for about $813 million in stock. The deal, prompted by P&G's ongoing effort to shed brands and trim its food business, is structured as a tax-free transaction for both companies and P&G shareholders, who will own 53% of a new Smucker company once the merger is completed.
BUSINESS
June 30, 1992 | JACK SEARLES
Martin V. Smith, developer of Oxnard's Financial Plaza and other major projects, has added a 1,500-horsepower locomotive to his 18-mile Ventura County Railway Co., which connects the Port of Hueneme with the Southern Pacific line in Oxnard. Smith, president of Martin V. Smith & Associates, paid $250,000 to purchase and refurbish the engine, which is capable of pulling 40 freight cars. The engine, formerly owned by the Great Western Railway Co. of Loveland, Colo.
BUSINESS
May 2, 1996 | Times Staff and Wire Reports
Smucker Pie Unit Gets Different Buyer: Orrville, Ohio-based J.M. Smucker Co. scrapped the sale of its Mrs. Smith's frozen-pie business to ConAgra Frozen Foods and is selling it instead to Flowers Industries Inc. Smucker did not disclose the terms of the sale or why the sale to ConAgra fell through. The sale will result in a fiscal 1996 charge of 4 cents a share. Thomasville, Ga.-based Flowers makes baked goods and snacks under the names Flowers, Nature's Own, Rich Grain, Buttermaid and Sunbeam.
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