J.M. Smucker is purchasing Hostess, maker of Twinkie and Ho Hos, for $5.6 billion the two companies announced Monday. Hostess, ... including Jif peanut butter, ...

Peanut butter and jelly maker J.M. Smucker Co. on Monday announced it has gobbled up Hostess Brands, owner of the iconic Twinkies sugary snack cake, for a sweet $5.6 billion.