M&A Deal Summary

J. M. Smucker Acquires Hostess Brands

On September 11, 2023, J. M. Smucker acquired food company Hostess Brands for 5.6B USD

Acquisition Highlights
  • This is J. M. Smucker’s 10th transaction in the Food sector.
  • This is J. M. Smucker’s 2nd largest (disclosed) transaction.
  • This is J. M. Smucker’s 12th transaction in the United States.
  • This is J. M. Smucker’s 1st transaction in Kansas.

M&A Deal Summary
Date 2023-09-11
Target Hostess Brands
Sector Food
Buyer(s) J. M. Smucker
Deal Type Add-on Acquisition
Deal Value 5.6B USD

Target

Hostess Brands

Lenexa, Kansas, United States
Hostess Brands is a packaged food company focused on developing, manufacturing, marketing, selling and distributing fresh sweet baked goods in the United States. Hostess Brands was founded in 1919 and is based in Lenexa, Kansas.

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Buyer(S) 1

Buyer

J. M. Smucker

Orrville, Ohio, United States
Category Company
Founded 1897
Sector Food
Employees7,300
Revenue 8.5B USD (2023)
DESCRIPTION

J. M. Smucker is a marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and natural foods products. J. M. Smucker was founded in 1897 and is based in Orrville, Ohio.

DEAL STATS #
Overall 12 of 12
Sector (Food) 10 of 10
Type (Add-on Acquisition) 8 of 8
State (Kansas) 1 of 1
Country (United States) 12 of 12
Year (2023) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 J.M. Smucker - Natural Beverage and Grains Businesses

Orrville, Ohio, United States

J.M. Smucker's Natural Beverage and Grains Businesses includes R.W. Knudsen and TruRoots assets and trademarks, and a licensing agreement for Santa Cruz Organic beverages. It also includes the Company's manufacturing and distribution facilities in Chico, California, and Havre de Grace, Maryland.

Sell $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-27 Sahale

Seattle, Washington, United States

Sahale is a manufacturer and marketer of premium, branded nut and fruit snack mixes, sold across the US and internationally under the Sahale Snacks brand. Sahale was formed in 2003 and is based in Seattle, Washington.

Sell $34M
Mergr

Product

Company

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