Folgers Coffee is one of the most recognizable and beloved coffee brands in the United States. With a rich history dating back to the mid-19th century, Folgers has become a staple in many American households. But have you ever wondered who owns Folgers Coffee? In this article, we’ll delve into the history of Folgers Coffee and explore its current ownership structure.
A Brief History of Folgers Coffee
Folgers Coffee was founded in 1850 by William H. Bovee, who started a small coffee roasting business in San Francisco. However, it was J.A. Folger, who joined the company in 1865, that played a significant role in shaping the brand’s future. Folger became a full partner in the business in 1872, and after Bovee’s death in 1888, he became the sole owner of the company.
Under Folger’s leadership, the company expanded its operations and introduced new products, including the now-iconic red can. The red can, which was introduced in the early 20th century, became a symbol of the Folgers brand and remains a recognizable part of the company’s packaging to this day.
The Rise of Folgers Coffee
Folgers Coffee experienced significant growth and expansion throughout the 20th century. The company went public in 1957, and its stock was listed on the New York Stock Exchange. In the 1960s and 1970s, Folgers introduced new products, including instant coffee and coffee singles, which further increased the company’s popularity.
In the 1980s, Folgers was acquired by Procter & Gamble (P&G), one of the largest consumer goods companies in the world. Under P&G’s ownership, Folgers continued to expand its operations and introduce new products.
The Current Ownership of Folgers Coffee
In 2012, P&G sold its Folgers Coffee business to The J.M. Smucker Company, a leading manufacturer of food and beverage products in North America. The acquisition was part of P&G’s strategy to focus on its core businesses and divest non-core assets.
The J.M. Smucker Company is a well-established company with a rich history dating back to 1897. The company is headquartered in Orrville, Ohio, and is listed on the New York Stock Exchange.
The J.M. Smucker Company’s Portfolio
The J.M. Smucker Company has a diverse portfolio of brands, including:
- Folgers Coffee
- Dunkin’ Donuts Coffee (in the United States)
- Smucker’s Jams and Jellies
- Jif Peanut Butter
- Café Bustelo Coffee
- Kava Coffee
The company’s portfolio also includes several pet food brands, including Meow Mix, Milk-Bone, and Natural Balance.
Why The J.M. Smucker Company Acquired Folgers Coffee
The J.M. Smucker Company acquired Folgers Coffee as part of its strategy to expand its presence in the coffee market. The acquisition provided Smucker with a well-established brand and a significant presence in the coffee market.
In a statement announcing the acquisition, Smucker’s CEO, Richard Smucker, said, “The addition of Folgers Coffee to our portfolio of brands is a significant step in our strategy to expand our presence in the coffee market. We believe that Folgers Coffee is a great fit with our company’s values and culture, and we look forward to working with the Folgers team to continue to build the brand.”
What the Acquisition Means for Folgers Coffee
The acquisition of Folgers Coffee by The J.M. Smucker Company has had a significant impact on the brand. Smucker has invested heavily in the brand, introducing new products and packaging, and expanding its distribution channels.
In 2019, Smucker announced a major rebranding effort for Folgers Coffee, which included new packaging and a new advertising campaign. The rebranding effort was designed to appeal to a new generation of coffee drinkers and to position Folgers as a premium coffee brand.
Conclusion
Folgers Coffee is a beloved brand with a rich history dating back to the mid-19th century. From its humble beginnings as a small coffee roasting business in San Francisco to its current status as a leading coffee brand, Folgers has come a long way. Today, Folgers Coffee is owned by The J.M. Smucker Company, a leading manufacturer of food and beverage products in North America. The acquisition has provided Smucker with a significant presence in the coffee market and has enabled the company to expand its portfolio of brands.
As the coffee market continues to evolve, it will be interesting to see how Folgers Coffee adapts to changing consumer preferences and trends. One thing is certain, however: Folgers Coffee remains a beloved brand that is deeply ingrained in American culture.
Who owns Folgers Coffee in 2022?
Folgers Coffee is owned by The J.M. Smucker Company, a leading American food and beverage company. The J.M. Smucker Company acquired Folgers Coffee in 1997 as part of its purchase of Procter & Gamble’s coffee and pet food business. Since then, Smucker has continued to operate Folgers as a leading coffee brand in the United States.
Under Smucker’s ownership, Folgers has continued to innovate and expand its product offerings. The company has introduced new coffee flavors and blends, as well as single-serve cups and other convenient packaging options. Today, Folgers remains one of the most recognizable and beloved coffee brands in the United States, with a rich history dating back to 1850.
What is the history of Folgers Coffee?
Folgers Coffee was founded in 1850 by William H. Bovee, who began selling coffee in San Francisco during the California Gold Rush. The company quickly gained popularity, and in 1872, Bovee’s nephew, J.A. Folger, joined the business. J.A. Folger played a key role in expanding the company and establishing it as a leading coffee brand in the United States.
Over the years, Folgers Coffee has undergone several changes in ownership and operations. In 1903, the company was sold to the Procter & Gamble Company, which operated it for nearly a century. In 1997, Procter & Gamble sold Folgers to The J.M. Smucker Company, which has continued to operate the brand to this day. Despite changes in ownership, Folgers has remained committed to its founding principles of quality, innovation, and customer satisfaction.
Is Folgers Coffee still made in the USA?
Yes, Folgers Coffee is still made in the USA. The company operates several manufacturing facilities in the United States, including its main plant in New Orleans, Louisiana. Folgers sources high-quality coffee beans from around the world and roasts them in the United States to ensure the best flavor and aroma.
While some coffee companies have shifted their manufacturing operations overseas, Folgers has remained committed to domestic production. The company’s US-based manufacturing facilities allow it to maintain strict quality control standards and ensure that its coffee products meet the high expectations of American consumers.
What types of coffee does Folgers offer?
Folgers offers a wide range of coffee products to suit different tastes and preferences. The company’s product lineup includes classic ground coffee, single-serve cups, whole beans, and instant coffee. Folgers also offers a variety of flavored coffees, including hazelnut, French vanilla, and caramel.
In addition to its traditional coffee products, Folgers has introduced several new offerings in recent years. These include Folgers Gourmet Supreme, a premium coffee blend made with high-quality Arabica beans, and Folgers Simply Smooth, a low-acidity coffee designed for sensitive stomachs. The company continues to innovate and expand its product offerings to meet the evolving needs of coffee consumers.
Is Folgers Coffee sustainably sourced?
Folgers Coffee has made a commitment to sustainability and social responsibility. The company sources its coffee beans from suppliers who adhere to strict environmental and social standards. Folgers has also implemented several initiatives aimed at reducing its environmental footprint, including energy-efficient manufacturing processes and sustainable packaging.
In addition to its sustainability efforts, Folgers has partnered with several organizations to support coffee farmers and their communities. The company’s sustainability initiatives are designed to promote environmentally friendly practices, improve the livelihoods of coffee farmers, and ensure a long-term supply of high-quality coffee beans.
Can I purchase Folgers Coffee online?
Yes, Folgers Coffee is available for purchase online through the company’s website and several other online retailers. The Folgers website offers a wide range of coffee products, including hard-to-find flavors and blends. Customers can also purchase Folgers Coffee through online retailers such as Amazon and Walmart.
Buying Folgers Coffee online offers several benefits, including convenience, competitive pricing, and access to a wide range of products. Many online retailers also offer discounts, promotions, and loyalty programs that can help customers save money on their coffee purchases. Whether you’re a longtime Folgers fan or just discovering the brand, buying online is a great way to get your favorite coffee delivered right to your doorstep.
Does Folgers offer any discounts or promotions?
Yes, Folgers Coffee frequently offers discounts and promotions to its customers. The company’s website features a section dedicated to special offers, including coupons, discounts, and buy-one-get-one-free deals. Folgers also partners with several online retailers to offer exclusive promotions and discounts.
In addition to its online promotions, Folgers offers several loyalty programs and rewards initiatives. The company’s Folgers Rewards program, for example, allows customers to earn points for every purchase they make. These points can be redeemed for discounts, free products, and other rewards. By signing up for the Folgers Rewards program or following the company on social media, customers can stay informed about the latest promotions and discounts.