Posted 9/12/2023, 12:51:22 AM
JM Smucker Buys Twinkie-Maker Hostess Brands for $5.6 Billion
- Hostess Brands, maker of Twinkies and other snacks, being bought by JM Smucker for $5.6 billion
- Smucker known for jams, jellies, peanut butter; sees Hostess as "iconic sweet snacking platform"
- Hostess brands include Twinkies, Ding Dongs, Donettes; traces roots back over a century
- Hostess went bankrupt in 2012, saved in 2013 by private equity firms Apollo and Metropoulos
- Acquisition part of trend of large food companies buying up smaller brands this year