J.M. Smucker to Acquire Twinkie-Maker Hostess Brands for $5.6 Billion

Hostess Brands, known for Twinkies, being bought by J.M. Smucker for $5.6 billion
J.M. Smucker makes jellies and peanut butter like Jif
Hostess went through bankruptcy twice in past decades
Twinkies briefly disappeared from shelves during 2012 bankruptcy
J.M. Smucker beat out PepsiCo, Mondelez, and General Mills to buy Hostess
Hostess became public company in 2016 after previous private equity ownership

npr.org

Relevant topic timeline:

8/25/2023

Exclusive: Twinkies maker Hostess Brands explores sale amid takeover interest -sources

Hostess Brands, the maker of Twinkies, is considering a sale after receiving interest from major snack food companies, including General Mills, Mondelez International, PepsiCo, and Hershey.