What did The J.M. Smucker Co. pay for Hostess Brands?

The J.M. Smucker Co. acquired Hostess Brands for $5.60B in 2023 (17.2x EBITDA), equivalent to 4.10x revenue. Target revenue was approximately $1358.0M. Target EBITDA was approximately $326.0M.

What multiple did The J.M. Smucker Co. pay for Hostess Brands?

17.2x EBITDA and 4.10x revenue, based on disclosed deal value of $5.60B and disclosed financials.

M&A TRANSACTION · 2023

Hostess Brands acquired by The J.M. Smucker Co.

$5.60B· 17.2x EBITDA· 4.10x revenue

Target

Hostess Brands

Lenexa, Kansas

Iconic American bakery snacks company with Twinkies, Ding Dongs, Ho Hos

Acquirer

The J.M. Smucker Co.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$1358.0M

EBITDA

$326.0M

Deal Value

$5.60B

EV/EBITDA

17.2x

Context

This $5.60B acquisition of Hostess Brands by The J.M. Smucker Co. sits in the food manufacturing sub-vertical. The 17.2x EBITDA multiple paid in 2023 can be compared against the population median for food manufacturing transactions of similar size on our Food Manufacturing valuation hub. The J.M. Smucker Co. is acquiring as a strategic buyer; see how strategic acquirers typically price food manufacturing businesses on our Food Manufacturing strategic buyer-pool page.

Source

Data sourced from J.M. Smucker Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). Hostess Brands acquired by The J.M. Smucker Co.. https://exitvalue.ai/deals/hostess-brands-acquired-by-the-jm-smucker-co-food-beverag