4.6 • 716 Ratings
🗓️ 18 September 2023
⏱️ 6 minutes
🧾️ Download transcript
Today is Monday, September 18, and we're looking at The J.M. Smucker Company vs. Mondelez International.
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1:08.6 | Happy Monday, one and all. |
1:10.3 | A big sale in the snack industry |
1:12.0 | has people buzzing and stomachs, perhaps growling. Last week, J.M. Smucker, perhaps best known for its |
1:18.2 | peanut butter and jelly products, became the proud new owner of Hostess. Yep, the king of snack cakes. |
1:24.8 | Smucker bought Hostess for $5.6 billion, and the move reflects Smucker's |
1:30.6 | growing desire to bring more snack foods into its fold. Smucker is currently home of the |
1:35.7 | uncrustable, that classic peanut butter and jelly snack, but with a hostess pickup, they're looking |
1:41.4 | to get more into shelf-stable brands like Twinkies and Ho-Hos. |
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