Investing.com - Financial Markets Worldwide

J.M. Smucker to shut down Indianapolis factory by 2026

Published 27/05/2025, 21:38
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Investing.com -- J.M. Smucker Co. (NYSE:SJM) revealed plans today to shut down its manufacturing facility in Indianapolis, Indiana. The facility, which produces items under the company’s Hostess® brand, will be shut down and the company will attempt to sell it by the early part of 2026.

The decision is part of the company’s ongoing efforts to streamline its manufacturing network, reduce costs, and simplify operations. This move is intended to support the execution of the company’s Sweet Baked Snacks strategy. The strategy aims at stabilizing the Hostess® business and preparing it for long-term growth, according to Judd Freitag, Senior Vice President and General Manager, Pet and Sweet Baked Snacks.

Freitag expressed that decisions impacting employees are taken with careful consideration. He acknowledged the contributions of the Indianapolis employees and assured that the company will support them during this transition.

Further information about the closure will be provided by the company when it releases its fiscal year 2025 fourth quarter results.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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