The J.M. Smucker Co. announced the completion of its $5.6 billion acquisition of Hostess Brands, the icing on the cake of a decade-long turnaround for the sweet baked goods company.
Hostess (Nasdaq: TWNK) and Ohio-based Smucker (NYSE: SJM) announced their plans to merge in September, sending Twinkies, Ding Dongs, HoHos and Zingers — as well as 3,000 employees (541 FTEs locally) — to a new owner. The deal includes the assumption of about $900 million in net debt.
In addition to the brands and…
