who owns hostess
Hostess is now owned by The J.M. Smucker Co., the food company best known for Smucker’s jams, Jif peanut butter, and other grocery brands.
Who owns Hostess now?
- As of late 2023, Hostess Brands Inc. (the maker of Twinkies, Ding Dongs, HoHos, etc.) was acquired by The J.M. Smucker Company in a deal valued at about 5.6 billion dollars, including debt.
- The deal was structured as a cash-and-stock transaction where Hostess shareholders received cash plus a small amount of Smucker stock per Hostess share.
- Hostess continues to operate as a snack and bakery brand under Smucker’s corporate umbrella rather than as an independent public company.
Quick timeline snapshot
- 2013: The current Hostess Brands Inc. is formed after private equity buyers (Apollo Global Management and C. Dean Metropoulos & Co.) acquire the old Hostess assets out of bankruptcy.
- 2016: Hostess becomes publicly traded again through a deal with Gores Holdings.
- September 2023: Smucker announces an agreement to acquire Hostess Brands for about 5.6 billion dollars.
- Late 2023: The acquisition closes, and Hostess becomes part of The J.M. Smucker Co.
Ownership at a glance (HTML table)
| Question | Answer |
|---|---|
| Who owns Hostess now? | The J.M. Smucker Co. | [1][5][9][3][7]
| When was the deal announced? | September 2023. | [5][9][1][7]
| Approximate deal value | About 5.6 billion dollars, including debt. | [9][1][3][5]
| Is Hostess still a brand? | Yes, Hostess snacks continue under Smucker’s ownership. | [6][3][7]
Information gathered from public forums or data available on the internet and portrayed here.