Smucker's To Buy Folgers

A jams and jellies maker may soon be selling coffee.

The Wall Street Journal reports the J.M. Smucker company is expected to buy Folgers from Cincinnati-based Procter and Gamble.

The price tag could be two billion dollars.

Folgers' sales have dropped in recent years with more competition from Starbucks and other coffee-makers.

Smucker's has a plant in Lexington on Winchester Road.




 
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