The J.M. Smucker Co. Acquires Hostess Brands

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.

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.

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.

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

June 21, 2022

Food & Beverage

J&J Snack Foods Corp. agreed to acquire Dippin' Dots, L.L.C. (including the Doc Popcorn business) for $222 million, a transaction funded with cash and senior debt and expected to close in June 2022. The acquisition expands J&J's frozen novelty portfolio and production/distribution capacity, and closed on June 21, 2022.

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.

JTM Foods Acquires Cookies-n-Milk (CnM)

February 2, 2023

Food & Beverage

JTM Foods, LLC (dba JJ’s Bakery) has acquired Cookies-n-Milk (CnM), a family‑owned producer of edible cookie dough bites, individually wrapped cookies and brownies, donut holes and ready‑to‑bake frozen cookie doughs. Cookies‑n‑Milk operates a production facility in McKinney, Texas, and JTM said the acquisition strengthens its sweet goods portfolio and will leverage JTM's operations and sales capabilities to expand the edible cookie dough category nationally.