J.M. Smucker Co. and JDE Peet's announced a strategic partnership which will allow JDE Peet's to support the Smucker Away From Home liquid coffee business with product development, production and foodservice equipment innovation. In a related decision, The J.M. Smucker Co.

plans to close and pursue a sale of its Suffolk, Virginia, production facility in the spring of calendar year 2022. Additional terms of the partnership will not be disclosed. This partnership does not impact The J.M. Smucker Co.'s retail coffee business.