Smucker Acquires Hostess Brands for $5.6 Billion, Expanding Snack Portfolio with Iconic Twinkies and Donettes

The J.M. Smucker Co. is acquiring Hostess Brands for $5.6 billion including debt to expand its portfolio of consumer snack brands.

The deal includes well-known Hostess products like Twinkies, HoHos, and Donettes as well as 3,000 employees and manufacturing facilities.

It represents a major turnaround for Hostess after two recent bankruptcy filings and going public in 2016.

Smucker owns brands like Folgers, Jif, Milk-Bone, and will add Hostess to its offerings of convenient snacks.

Hostess stock price rose over 19% on the news while Smucker shares dipped over 6% Monday morning.