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The J.M. Smucker Company, more commonly known on jelly jars as Smucker's, announced the signing of an agreement Monday to acquire Hostess Brands, Inc., the creator of Twinkies, HoHos and other packaged treats.
Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Smucker in a cash-and-stock deal worth about $5.6 billion.
The maker of snack classics like Twinkies and HoHos motored along for decades, but its struggles began to grow in this century, with workers blaming mismanagement and a failure to invest in brands to keep up with changing tastes.
The J.M. Smucker Company, more commonly known on jelly jars as Smucker's, announced the signing of an agreement Monday to acquire Hostess Brands, Inc., the creator of Twinkies, HoHos and other packaged treats.
The J.M. Smucker Company, more commonly known on jelly jars as Smucker's, announced the signing of an agreement Monday to acquire Hostess Brands, Inc., the creator of Twinkies, HoHos and other packaged treats.