Smucker's to Buy Twinkies Maker Hostess in $5.6 Billion Deal
Jelly giant Smucker's, known for making fruit spreads and Jif peanut butter, announced on Monday, September 11th that they have officially signed an agreement to acquire the Twinkies maker, Hostess Brands Inc. Smucker's makes everything from Milk-Bone dog treats to Folgers Coffee. Chief Executive Mark Smucker said in an interview that "Hostess brands bring a new way to reach consumers during new parts of the day" far beyond Uncrustables or Jif peanut butter is capable on its own.