Getting your player ready...
CLEVELAND — Jam and jelly maker J.M. Smucker is adding coffee to its menu of brands by buying Folgers from consumer-products company Procter & Gamble in a $2.95 billion, all-stock deal.
The deal announced Wed nesday will nearly double Smucker’s size. Folgers will become the 10th No. 1-ranked brand in the Smucker stable, which includes its namesake jams, Eagle Brand condensed milk, Hungry Jack pancake mix and two earlier acquisitions from P&G, Jif peanut butter and Crisco cooking oil.
