J.M. Smucker to buy Twinkies-owner Hostess Brands in $5.6 bln deal

Hostess Brands

11/09/2023 13:03

Sept 11 (Reuters) - J.M. Smucker  SJM.N  said on Monday
it will buy Twinkies-maker Hostess Brands  TWNK.O  in a $5.6
billion deal, as major U.S. packaged food companies look to
expand their brand portfolios with pandemic-era fortunes
dwindling.
    On Sunday, sources familiar with the matter told Reuters
that the Jif peanut butter maker was nearing a deal to buy
Hostess for close to $5 billion.
    

 (Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by
Shinjini Ganguli)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))