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The J.M. Smucker Co. Announces Plans to Close Indianapolis Manufacturing Facility in Continued Optimization of Sweet Baked Snacks Segment

1. SJM will close its Indianapolis manufacturing facility by early 2026. 2. The closure aims to optimize manufacturing and reduce complexity. 3. Operations will be consolidated into existing facilities to support growth. 4. Future details will be shared during FY 2025 Q4 results announcement. 5. Employee support is promised during the transition process.

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FAQ

Why Bullish?

Although job losses may create short-term negative sentiment, the closure indicates strategic consolidation towards operational efficiency, similar to moves made by other food companies that eventually benefited financially.

How important is it?

Optimizing operations affects profitability, impacting stock price, thus a moderate score reflects its significant relevance to SJM.

Why Long Term?

The shift in operations aims for long-term growth and stability, echoing prior successful consolidations in food industries which took time to reflect positively in stock performance.

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HSYKPOST
, /PRNewswire/ -- The J.M. Smucker Co. (NYSE: SJM) announced today plans to close its Indianapolis, Indiana manufacturing facility, which manufactures products from the Company's Hostess® brand, and consolidate operations into other existing facilities. The Company will close and pursue the sale of its Indianapolis manufacturing facility by early calendar year 2026. "This decision continues the ongoing work to ensure our manufacturing network is optimized to mitigate costs and reduce complexity in support of the execution of our Sweet Baked Snacks strategy, which is focused on stabilizing the Hostess® business and positioning it for long-term growth," said Judd Freitag, Senior Vice President and General Manager, Pet and Sweet Baked Snacks. "Any decision that impacts our employees is only made after careful consideration. We appreciate the contributions of our Indianapolis employees, and we will support them through this transition." The Company will provide additional information about the decision when it releases its fiscal year 2025 fourth quarter results. About The J.M. Smucker Co. At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America. We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers®, Dunkin'®, Café Bustelo®, Jif®, Uncrustables®, Smucker's®, Hostess®, Milk-Bone®, and Meow Mix®. Through our unwavering commitment to producing quality products, operating responsibly and ethically and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com. The J.M. Smucker Co. is the owner of all trademarks referenced herein, except for Dunkin'®, which is a trademark of DD IP Holder LLC. The Dunkin'® brand is licensed to The J.M. Smucker Co. for packaged coffee products sold in retail channels such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, and in certain away from home channels. This information does not pertain to products for sale in Dunkin'® restaurants. SOURCE The J.M. Smucker Co. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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