{"id":2027880,"date":"2023-09-11T12:24:01","date_gmt":"2023-09-11T16:24:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/smuckers-to-purchase-hostess-brands-owner-of-twinkies-for-over-5-billion\/"},"modified":"2023-09-11T12:26:08","modified_gmt":"2023-09-11T16:26:08","slug":"smuckers-to-purchase-hostess-brands-owner-of-twinkies-for-over-5-billion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/smuckers-to-purchase-hostess-brands-owner-of-twinkies-for-over-5-billion\/","title":{"rendered":"Smuckers acquires Hostess Brands, including Twinkies, for $5B+."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsmuckers-to-purchase-hostess-brands-owner-of-twinkies-for-over-5-billion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2027880&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Smuckers Acquires\u200d Hostess, Maker of Twinkies,\u2064 in $5.6 Billion Deal<\/h2>\n<p>Smuckers made a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/regular-guest-on-greg-gutfelds-late-night-show-announces-his-retirement\/\" title=\"Regular guest on Greg Gutfeld's late-night show announces retirement.\">sweet announcement<\/a>\u200b on Monday,\u2064 revealing its major acquisition of Hostess,\u2064 the beloved maker of Twinkies. \u200dThe deal, valued at approximately $5.6 billion, will\u2063 bring a whole new world of delicious treats under\u200c the ownership of the J.M. \u200bSmucker Company.<\/p>\n<h3>Expanding the Sweet Snacking Empire<\/h3>\n<p>This acquisition means that\u2062 Smuckers will now have control over\u2062 a variety of popular products, including \u2063Donettes, Zingers, and Mini Muffins. Not only \u2062that, but the company will also gain\u200b ownership of\u200d multiple Hostess Brands manufacturing locations. As a result, three thousand talented employees will \u2064join the Smuckers family through this exciting transaction.<\/p>\n<h3>Mark Smucker&#8217;s Vision for Growth<\/h3>\n<p>&#8220;With this\u2063 acquisition, we are adding an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/smuckers-to-purchase-hostess-brands-owner-of-twinkies-for-over-5-billion\/\" title=\"Smuckers acquires Hostess Brands, including Twinkies, for B+.\">iconic\u200d sweet \u2064snacking platform<\/a>; enhancing our \u2062ability to deliver brands consumers love and\u200b convenient\u2064 solutions they desire,&#8221; said Mark Smucker, the president of the J. M.\u200d Smucker Company. He emphasized the value of \u200dHostess Brands&#8217; strong convenience store distribution and leading innovation pipeline, \u2064which\u2062 will be combined with \u200bSmuckers&#8217; \u2063own commercial organization\u200c and \u2064retail execution to drive \u2063continued growth.<\/p>\n<p>This deal is expected to be \u2064finalized in the third \u2062quarter of Smuckers&#8217; current fiscal year, which falls towards the end of \u2062January 2024. The boards of directors of both companies have unanimously accepted the\u2064 agreement,\u2062 highlighting the mutual excitement surrounding this acquisition.<\/p>\n<p>Furthermore, as part\u200c of the transaction, Smuckers will also take on approximately \u200b$900 million of net debt from Hostess Brands.<\/p>\n<p>This acquisition follows a trend of major deals in the\u2063 food and grocery\u200c industry.\u200c Just last month, the Subway \u200brestaurant chain was purchased by equity firm\u200d Roark Capital \u200dPartners for a staggering $10 \u200dbillion. Similarly, Aldi made headlines \u200bin August with its acquisition of Winn-Dixie and Harveys Supermarket,\u200b expanding its reach with nearly 400 new stores across <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/is-the-democrats-election-heist-too-big-to-fail\/\" title=\"Is the Democrats\u2019 Election Heist \u2018Too Big to Fail\u2019?\">multiple states<\/a> in the Southeast.<\/p>\n<p>Exciting times \u200clie ahead for Smuckers and Hostess Brands as they join forces to bring even more delightful\u2062 treats to consumers\u200d everywhere.<\/p>\n<p><em>Click\u2064 here\u200d to read more \u200bfrom The\u2062 Washington Examiner.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>be transferred to Smuckers as part of the acquisition.<\/p>\n","protected":false},"author":1,"featured_media":2027881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2027880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2027880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2027880"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2027880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2027881"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2027880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2027880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2027880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}