JM Smucker announces its acquisition of Hostess Brands for an enterprise value of approximately USD 5.6 billion, aiming to accelerate its focus on convenient consumer occasions. The deal includes Hostess’s brand portfolio, six production facilities, a distribution centre, and 3,000 staff. Kansas-based Hostess markets products including Twinkies, Donettes, Ding Dongs, and Voortman cookies and wafers.
J.M. Smucker agrees to acquire Hostess Brands for USD 5.6 billion, including debt, in a deal covering the Twinkies maker and Voortman cookie brand. The agreement is valued at about USD 4.6 billion excluding debt, with Smucker paying Hostess shareholders USD 34.25 per share; it also includes five manufacturing facilities, and approximately 3,000 employees join the company.
J.M. Smucker agrees to acquire Hostess Brands for about $5.6 billion, bringing Twinkies and other snack cakes into its packaged-food portfolio. The transaction adds Hostess's snack-cake products to Smucker's existing food business, while the stated purchase price values the acquisition at approximately $5.6 billion.
J.M. Smucker will acquire Hostess Brands for $5.6 billion, bringing Twinkies, CupCakes, and Donettes into its portfolio. The deal places the Hostess snack brands under Smucker ownership.