ORRVILLE, Ohio, Jan. 31, 2017 /PRNewswire/ -- The J. M. Smucker
Company (NYSE: SJM) today announced plans to build an additional
Smucker's® Uncrustables® sandwiches manufacturing facility
to be located in Longmont,
Colorado, near Denver.
Construction of the facility will start in spring 2017 with
production expected to begin in calendar year 2019.
The new facility will help meet growing demand for Smucker's
Uncrustables sandwiches, which are pre-made frozen peanut
butter and jelly sandwiches that consumers simply thaw and serve.
The Smucker's Uncrustables sandwiches brand has grown from
approximately $10 million in annual
sales in 2000 to a $200 million
business today and ended fiscal 2016 with its 17th
consecutive quarter of double digit growth in U.S. retail
sales.
The new Longmont facility will
complement the Company's Smucker's Uncrustables sandwiches
manufacturing facility in Scottsville,
Kentucky, which will continue to produce up to two million
sandwiches per day.
"The Smucker's Uncrustables brand is one of our fastest
growing brands, as consumers seek nutritious snacks and meal
solutions for the whole family," said Mark
Smucker, President and Chief Executive Officer of The J. M.
Smucker Company. "This new plant to be built at the foot of the
Rockies will ensure we can continue to meet increasing demand
across the country. We are thrilled to build our first
manufacturing facility in Colorado
and greatly appreciate the support we have received for this
exciting project from officials representing Longmont, Weld
County, and the state of Colorado. We look forward to being part
of the growing, greater Denver
community."
With a total potential investment of $340
million, the Longmont
facility will be constructed in two phases over multiple years.
Phase one includes up to an initial $200
million investment to construct and operate the new
facility, with an opportunity to invest an additional $140 million for phase two expansion, dependent
on product demand. The facility will have approximately 250
employees when phase one is complete and up to 500 employees in
total with the completion of phase two.
"We are pleased Smucker has chosen Colorado for this additional manufacturing
investment," said Governor John
Hickenlooper. "This news helps demonstrate that Colorado, with its innovative ecosystem,
skilled workforce, and exceptional business climate, is a state
where industry can grow and thrive. We look forward to welcoming
Smucker to our state."
"We think Smucker is a great fit for Longmont, as the company and our community
share a proud heritage in the production and manufacture of quality
consumer food products," stated Longmont Mayor Dennis
Coombs. "This state-of-the-art facility will provide quality
jobs for our residents, and the company has a proven track record
as an outstanding corporate citizen."
"The Smucker project is a huge win for Longmont, Weld
County, and all of Northern
Colorado," said Julie Cozad,
Chairperson of the Weld County
Commissioners. "This project further diversifies our thriving
economy and showcases what an amazing food manufacturing national
hub Northern Colorado has become.
We welcome Smucker to our growing corporate community."
"This project is a great example of local, county, and state
governments working together to proactively accomplish a
significant economic development project," noted Hans Jespersen, Board Chairman of Upstate
Colorado Economic Development.
Mayor Coombs also noted, "Competition for this new facility was
strong, and I couldn't be prouder of our recruitment effort, led by
the Longmont Economic Development Partnership in close coordination
with city departments."
Construction of the Smucker's Uncrustables sandwiches
manufacturing facility in Longmont
is contingent on the approval of tax and business incentives and
the closing of the transaction to purchase the real property where
the facility will be located.
About The J. M. Smucker Company
For nearly 120 years,
The J. M. Smucker Company has been committed to offering
consumers quality products that bring families together to share
memorable meals and moments. Today, Smucker is a leading marketer
and manufacturer of consumer food and beverage products and pet
food and pet snacks in North America. In consumer foods and
beverages, its brands include Smucker's®,
Folgers®, Jif®, Dunkin'
Donuts®, Crisco®, Pillsbury®,
R.W. Knudsen Family®, Hungry Jack®, Café
Bustelo®, Martha
White®, truRoots®, Sahale
Snacks®, Robin
Hood®, and Bick's®.
In pet food and pet snacks, its brands include Meow
Mix®, Milk-Bone®, Kibbles 'n
Bits®, Natural
Balance®, and 9Lives®.
The Company remains rooted in the Basic
Beliefs of Quality, People, Ethics,
Growth, and Independence established by
its founder and namesake more than a century ago. For more
information about the Company, visit jmsmucker.com.
The J. M. Smucker Company is the owner of all
trademarks referenced herein, except for the following, which are
used under license: Pillsbury® is a
trademark of The Pillsbury Company,
LLC and Dunkin' Donuts® is a
registered trademark of DD IP Holder LLC.
Dunkin' Donuts® brand is licensed to The J. M.
Smucker Company for packaged coffee products sold in retail
channels such as grocery stores, mass merchandisers, club stores,
and drug stores. This information does not pertain
to Dunkin' Donuts® coffee or other products
for sale in Dunkin' Donuts® restaurants.
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SOURCE The J.M. Smucker Company