JM Smucker has announced a new partnership that will see JDE Peet’s support the Smucker away-from-home liquid coffee business across areas including production.
The company has also disclosed a “related decision” to pursue a sale of its production facility in Suffolk, US, next year.
The site in Virginia will continue to produce liquid coffee until the spring of 2022, when JM Smucker plans to close the facility.
Meanwhile, the agreement with JDE Peet’s will see the coffee giant support the Smucker away-from-home business with liquid coffee production, product development and brewing 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, JM Smucker.
“The agreement will allow us to more aggressively pursue liquid coffee innovation opportunities that will enhance current customer solutions and drive category growth.”
Satya Menard, global president, out-of-home, JDE Peet’s, added: “We are excited to partner with The JM 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.”
JM Smucker says that the partnership does not impact its retail coffee business.
Last year, JM Smucker sold its Crisco oils and shortening business to B&G Foods for approximately $550 million.
© FoodBev Media Ltd 2024
