Smucker's $5.6 Billion Acquisition of Hostess: A Perfect Match
Originally Published 2 years ago — by CNBC
J.M. Smucker CEO, Mark Smucker, discusses the company's acquisition of Hostess Brands, highlighting how the two brands complement each other and expand their snack offerings. Smucker emphasizes the compatibility between Hostess's sweet treats and Smucker's Uncrustable snack, and believes that consumers will continue to desire indulgent snacks alongside healthier options. The $5.6 billion deal is expected to close by Smucker's fiscal third quarter, with Smucker also taking on Hostess's $900 million debt.