Twinkies maker Hostess bought by food giant Smucker for $5.6bn

2023-09-12 00:26

Fruit preserves and peanut butter giant JM Smucker is buying the producer of Donettes and Ho Hos.

Twinkies maker Hostess bought by food giant Smucker for $5.6bn

Classic US snack maker Hostess Brands is being bought rival food giant JM Smucker in a $5.6bn (£4.5bn) deal.

"With this acquisition, we are adding an iconic sweet snacking platform… to drive continued growth," Smucker's chief executive Mark Smucker said in a statement.

Shares in the firm...