Twinkies maker Hostess bought by food giant Smucker for $5.6bn

Views:

1970-01-01 08:00

Fruit preserves and peanut butter giant JM Smucker is buying the producer of Donettes and Ho Hos.

Classic US snack maker Hostess Brands is being bought rival food giant JM Smucker in a $5.6bn (£4.5bn) deal.

"With this acquisition, we are adding an iconic sweet snacking platform… to drive continued growth," Smucker's chief executive Mark Smucker said in a statement.

Shares in the firm...