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.

usatoday.com

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