Smucker's + Hostess = Supply Chain Synergy
In early September, J.M. Smucker announced that they had struck a deal to acquire Hostess, the 130 year old maker of treats like Twinkies, Ho-Hos, Ding Dongs, Zingers, and Voortman cookies.
Smucker agreed to pay $5.6 Billion including $900 Million in debt for the company. Most people felt the deal was overpriced, and Smucker's stock fell 7 percent, but the two executive teams had done their homework, and they are convinced that the potential synergies between the two organizations are well worth it.
Smucker's has mastered the grocery retail space while Hostess is a convenience store…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.