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Diving Briefs:
- JM Smucker Plan Close and pursue the sale of the mistress’s manufacturing factory at Indianapolis. As part of the plan to integrate the Sweets Production Footprint by early 2026.
- According to a spokesman for a Smucker, the factory currently has 259 employees. The hostess reopened the Indianapolis facility in 2013, and Smucker inherited the factory as a part. $ 5.6 billion purchase Snack producer two years ago.
- Smucker said it will provide additional information about the factory closing decision when the results of the 4th quarter on June 10 are released.
Dive Insights:
Many food manufacturers have closed the facility to simplify the supply chain to reduce costs.
As businesses deal with consumer spending due to inflation and economic uncertainty, cost reduction has become more important as demand for many products decreases. Pepsiko,,, Conagra brand,,, Post holding and Brown Forman One of the companies that announced the closure of the factory this year.
Smucker did not provide information on why the Indianapolis site was closed, but the factory Almost 70 years old. In many cases, it costs too much to renovate old facilities with modern technology.
Judd Freitag, chief vice president and general manager of PET and SWEET BAKED SNACKS, said, “This decision continues to be ongoing to optimize the manufacturing network to reduce costs and reduce complexity. We are focusing on. ”
