The J. M. Smucker Co. to Acquire Hostess Brands

The J. M. Smucker Co. has announced the signing of a definitive agreement to acquire Hostess Brands, Inc. for a total enterprise value of approximately $5.6 billion, which includes approximately $900 million of net debt. The transaction includes the Hostess Brands sweet baked goods brands and the Voortman cookie brand, along with manufacturing facilities throughout the country. Approximately 3,000 employees will join J.M. Smucker in conjunction with the transaction. For more details, read the official release.