J.M. Smucker boosts coffee portfolio
ORRVILLE, Ohio — J.M. Smucker said it has completed its acquisition of the coffee brands and business operations of Rowland Coffee Roasters, a privately owned, Miami-based company.
The company completed the $360 million transaction with cash on hand and borrowings under its existing credit facility. The transaction is expected to contribute approximately 5 cents per diluted common share to fiscal 2012 earnings, excluding one-time costs of the transaction, J.M. Smucker said.
Rowland Coffee’s products primarily are sold under the leading Hispanic Cafe Bustelo and Cafe Pilon brands, J.M. Smucker said.
J.M. Smucker sells products under the Folgers and Dunkin’ Donuts brands.
Kraft, Polly-O packaging can turn into summer fun
GLENVIEW, Ill. — Kraft said its namesake and Polly-O brands are offering families summer fun through a partnership with Six Flags.
From May 15 through Aug. 31, consumers that purchase specially marked Kraft and Polly-O string cheese or twists products can redeem the packages for discounted tickets to Six Flags.
Polly-O packages are good for one free kid’s ticket (under 10 years old) with the purchase of a general admission ticket on weekdays (up to a $34.99 value) or $15 off general admission any day. Kraft packages are good for $15 off general admission any day.
Kraft Foods announced that it also is partnering with TerraCycle, the international upcycling and recycling company that turns packaging wrappers into affordable, eco-friendly products. This summer, all of the Kraft and Polly-O packaging wrappers collected at Six Flags will be upcycled into useful products while saving waste from landfills.
Splenda sweetens offerings with Splenda Essentials products
FORT WASHINGTON, Pa. — McNeil Nutritionals has introduced new Splenda Essentials no-calorie sweetener products.
The new line of products from the Splenda brand includes Splenda Essentials no-calorie sweetener with B vitamins and Splenda Essentials no-calorie sweetener with antioxidants. The brand previously introduced Splenda Essentials no-calorie sweetener with fiber (in packets and granulated form).
"We’re thrilled to launch the new Splenda Essentials sweetener product line, giving consumers an entire line of products that offer additional nutritional benefits, like B vitamins to help support a healthy metabolism," said Fred Tewell, group product director for Splenda sweetener products. "Consumers may not focus on getting all their recommended vitamins in a day, but they never forget to sweeten their coffee — these products are all about helping people make small, good-for-you choices each day so that they can get closer to meeting their health goals."