Tag

Snack Industry

All articles tagged with #snack industry

business2 years ago•1 min saved

J.M. Smucker Acquires Hostess Brands, Including Twinkies, for $5.6 Billion

Jelly-maker J.M. Smucker is acquiring Hostess Brands, the maker of iconic snacks like Twinkies and Ding Dongs, for $5.6 billion. Hostess, which has faced bankruptcy twice in the past two decades, saw its stock price rise as demand for snacks increased. J.M. Smucker beat out competitors like PepsiCo and General Mills to secure the deal, citing Hostess' strong convenience store distribution and innovation pipeline as key factors in the acquisition.

via NPR|

#acquisition #business #hostess-brands

business2 years ago•0 min saved

PepsiCo Exceeds Q2 Earnings Expectations, Raises Outlook

PepsiCo's stock rose after the company reported better-than-expected earnings and raised its guidance for the quarter ending in June.

via Barron's|

#business #earnings #guidance

business2 years ago•1 min saved

National Pretzel Day Celebrations and Deals at Various Locations

Hershey Salty Snacks, a division of The Hershey Company, celebrated National Pretzel Day at its plant in Bluffton, Indiana, where it produces Dot's Homestyle Pretzels. The company plans to launch a new national multi-media marketing campaign to boost Dot's profile and make it the number one brand in America. Hershey's acquisition of Dot's is part of its strategy to enter the salty snacks business, which is more commonly consumed than sweets. Dot's pretzels come in a variety of shapes and flavors and are sold nationally in grocery stores.

via WANE|

#business #dots-homestyle-pretzels #hershey-salty-snacks