J.M. Smucker to Acquire Hostess Brands for $5.6 Billion

JTM Foods Acquires Big Texas and Cloverhill Brands and Chicago Plant from The J.M. Smucker Co.

March 5, 2025

Food & Beverage

JTM Foods, LLC has finalized the acquisition of the Big Texas and Cloverhill brands, select private-label products and a Chicago manufacturing plant from The J.M. Smucker Co. The deal, announced earlier in February, is valued at approximately $40 million and includes a Chicago facility that employs about 400; Smucker called the sale part of its portfolio optimization to prioritize the Hostess brand.

Second Nature Brands Acquires Voortman Cookie Brand From J.M. Smucker

October 22, 2024

Consumer Products

Second Nature Brands agreed to acquire the Voortman cookie brand from The J.M. Smucker Co. in an all-cash transaction valued at approximately $305 million. The deal includes all Voortman trademarks and a leased manufacturing facility in Burlington, Ontario, with about 300 employees transitioning.

J&J Snack Foods Acquires Dippin' Dots for $222 Million

June 21, 2022

Food & Beverage

J&J Snack Foods Corp. entered into a definitive agreement to acquire Dippin' Dots, L.L.C., a producer of flash-frozen beaded ice cream treats, for $222 million (subject to customary adjustments). The deal was funded with cash and senior debt financing and was expected to close by the end of June 2022; J&J later announced the acquisition closed on June 21, 2022, including the Doc Popcorn business operated by Dippin' Dots.

Hostess Brands Acquires Voortman Cookies from Swander Pace Capital

January 7, 2020

Food & Beverage

Hostess Brands, Inc. has acquired Voortman Cookies Limited from private equity firm Swander Pace Capital for approximately $320 million (C$425 million) in cash. Voortman, headquartered in Burlington, Ontario, is a premium cookie and wafer manufacturer known for sugar-free and better-for-you products; the deal expands Hostess’s branded snack portfolio and distribution reach across North America and internationally.

The Hershey Company Acquires ONE Brands

September 23, 2019

Food & Beverage

The Hershey Company completed its acquisition of ONE Brands, LLC, a maker of low-sugar, high-protein nutrition bars, for $397 million (approximately $325 million net of tax benefits). The purchase expands Hershey's better-for-you snacking portfolio and is expected to be accretive to earnings in the first full year post-close.

Sara Lee Frozen Bakery Acquires Superior Cake Products from Hostess Brands

August 1, 2019

Food & Beverage

Sara Lee Frozen Bakery agreed to acquire Hostess Brands' in-store bakery business Superior Cake Products, Inc. for $65 million in cash, subject to customary post-closing adjustments. The deal (announced August 1, 2019) is expected to close in the third quarter of 2019 and will expand Sara Lee Frozen Bakery's presence in the in-store bakery category while Hostess intends to deploy proceeds to de-lever and pursue strategic options.