Smuckers Buying Hostess Brands Iin $5.6 Billion Snack Food Deal
The maker of Twinkies is being sold to the owner of brands like Folgers, Jif and Dunkin.
Source: forbes.com
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The maker of Twinkies is being sold to the owner of brands like Folgers, Jif and Dunkin.
The J. M. Smucker Co. announced that it is acquiring Hostess Brands, Inc. for a total enterprise value of about $5.6 billion.
The purchase comes in the wake of other major purchases made by food companies over the last few months.
The transaction includes the Hostess Brands sweet baked goods brands (Hostess Donettes, Twinkies, CupCakes, DingDongs, Zingers, CoffeeCakes, HoHos, Mini Muffins and Fruit Pies...
Smucker plans to accelerate focus on convenient consumer occasions