Smucker Agrees To Buy Twinkies Maker Hostess Brands for $5.6 Billion

J.M. Smucker, known for its jams and jellies, is set to acquire Twinkies maker Hostess Brands for approximately $5.6 billion, at $34.25 per share. The deal also includes taking on Hostess' debt of around $900 million. This acquisition comes amidst a wave of strategic moves within the food industry, as companies like Campbell’s Soup and Mars continue to make substantial acquisitions to drive growth.