Hostess is being acquired by JM Smucker in a deal valued at $5.6B after coming back from the brink

Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Our companies share highly complementary go-to market strategies, and we are very similar in our core business principles and operations,” Hostess President and CEO Andy Callahan said in a prepared statement Monday. In an interview with The Associated Press this year, Callahan talked about how Hostess Brands managed some of the most well-known brands in America, and also how balance was needed as Americans’ tastes changed. Metropoulos & Co., which has revamped then sold off brands including Chef Boyardee and Bumble Bee, also owns Pabst Brewing Co. Hostess reemerged in 2013 with a far less costly operating structure than its predecessor company and was no longer unionized. Morgan Stanley’s Pam Kaufman said that Hostess offered attractive revenue growth through its U.S. sweet snacks business and opportunities for international expansion.