History
The company was founded in Everett, Washington, in 1981. Founder Phil Johnson sold 100 pound sacks of Arabica beans to high-end coffee shops in the greater Seattle area, and pioneered the idea of selling whole-beaned coffees to supermarkets.
Johnson sold the company to Procter and Gamble in 1996, which closed down most of the Everett operation and runs the company out of Ohio. Johnson took the assets P&G did not purchase and created the Cascade Coffee company, which continues to do business in Everett.
In January, 2008, Procter & Gamble announced plans to create an independent company named The Folgers Coffee Company. The company consisted of three segments: Retail, Commercial, and Millstone.
On November 6, 2008, The J. M. Smucker Company announced the completion of its merger with The Folgers Coffee Company.
Read more about this topic: Millstone Coffee
Famous quotes containing the word history:
“When we of the so-called better classes are scared as men were never scared in history at material ugliness and hardship; when we put off marriage until our house can be artistic, and quake at the thought of having a child without a bank-account and doomed to manual labor, it is time for thinking men to protest against so unmanly and irreligious a state of opinion.”
—William James (1842–1910)
“Don’t you realize that this is a new empire? Why, folks, there’s never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why it’s a miracle out of the Old Testament!”
—Howard Estabrook (1884–1978)
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)