Latest news with #Hostess
Miami Herald
3 days ago
- Business
- Miami Herald
Beloved snack cake maker closing factory
Everyone knows JM Smucker, aka Smuckers, for its jelly and peanut butter spreads, but over the years, the company has also become a leader in the snack aisle. The Ohio-based food giant has added a lineup of household brands to its shelves, including Milk-Bone (for pets), Folgers coffee, Jif peanut butter, and most recently, Hostess snack cakes. Don't miss the move: Subscribe to TheStreet's free daily newsletter You know, the same Twinkies, HoHos, and Ding Dongs that filled generations of lunchboxes and satisfied late-night cravings? In 2023, Smucker gobbled up Hostess Brands in a $5.6 billion deal, betting big on the appeal of sweet snacks, despite the growing popularity of healthier and less sugary foods in the U.S. But even amid that big investment, the company has been working to consolidate operations, and that means making some difficult choices. Smucker announced it will close its Hostess snack cake plant in Indianapolis in 2026, ending almost 70 years of operations there. The plant has produced the most popular Hostess treats for decades. Smucker did not explain why it selected the Indianapolis site for closure, but it's an older facility that may require significant investment to update. "This decision continues the ongoing work to ensure our manufacturing network is optimized to mitigate costs and reduce complexity in support of the execution of our Sweet Baked Snacks strategy, which is focused on stabilizing the Hostess business and positioning it for long-term growth," said Senior Vice President Judd Freitag in a statement. Related: Beloved Mexican restaurant closing iconic location after 63 years Smucker did not disclose how many employees will be affected by the closure, but around 260 people work in the Indianapolis location. The company says it plans to shift production to other facilities in its network and will sell the Indianapolis facility by the end of calendar year 2026. There is a broader trend in the food and beverage industry of identifying ways to trim costs. Inflation is squeezing consumer budgets, and they are cutting back on discretionary spending, which includes everything from travel and restaurant meals to non-staple groceries like sweet snacks. Some companies are choosing to close existing locations instead of retrofitting them. So far this year, PepsiCo, Conagra Brands, Post Holdings, and Brown-Forman have all announced plant closures or restructurings. In each case, the companies cited rising costs, the need for operational simplicity, and a shift toward long-term sustainability. Labor costs, ingredient price volatility, and shifting consumer habits are also contributing to the closure trend. More Food: Applebee's brings back all-you-can-eat deal to take down Chili'sPopular Mexican chain reveals surprising growth plansStarbucks CEO shares plan for a whole new menu Shoppers are more frequently visiting discount retailers and buying more private-label brands such as those from Costco and Trader Joe's. These habits pressure large food manufacturers to rethink how they produce, ship, and market their products. Smucker is committed to stabilizing and growing its snacks business, and the Indianapolis closure may be one way to simplify logistics so the brand can remain profitable, even as consumer spending tightens. Related: Nutella adds a new flavor few saw coming The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
4 days ago
- Business
- Yahoo
Yesway and Allsup's 2025 "Summer Sips" Campaign is Packed with Hot Deals and Cool Rewards
FORT WORTH, Texas, May 29, 2025 /PRNewswire/ -- Yesway, one of the nation's fastest-growing convenience store chains, announces that its Yesway and Allsup's stores are celebrating the summer season with their biggest promotion of the year—"Summer Sips"—running through July 1, 2025. "The campaign is designed to "own the Channel of Thirst," and features unbeatable offers, exciting product launches, and fuel savings that put money back in loyal customers' pockets," said Tom Trkla, Chairman and Chief Executive Officer of Yesway. "We're delivering the best deals of the year to help our customers fuel up, cool down, and save more all summer long." Featured Promotions Include: New Product Launch: The NEW Buffalo Chicken Burrito. Customers can save $1 when they purchase it with any Honcho beverage. Rockstar Energy Deal: Buy 2, Get 1 Free on 16oz Rockstar Energy drinks, plus 15¢ off per gallon in fuel rewards. Operation Homefront Partnership: For every BODYARMOR beverage or Yesway/Allsup's private-label salty snack purchased, 15¢ will be donated to Operation Homefront, supporting military families nationwide. Snack Specials include: Hostess products - 2 for $5 on all Hostess goodies* Oreo Cookies & Cakesters (King Size) – Buy 1, Get 1 for $1* Welch's Fruit Snacks – 2 for $4** "Stack & Save" Fuel Rewards Customers can also unlock major savings at the pump: Buy 2 16oz Rockstar and get 1 Free + 15¢ per gallon Buy 2 Mountain Dew 1-Liters and save 20¢ per gallon Buy 3 Red Bull 8.4oz for $6 and save 10¢ per gallon Buy 2 Dr. Pepper and save 5¢ per gallon Buy $25 in select gift cards and get 10¢ off per gallon + 500 Bonus Smiles Dozens of other beverage combos earn stackable fuel discounts (Limit 30 gallons on fuel redemption and one vehicle per transaction) More Ways to Save From breakfast burritos and Tallsups to Yesway-branded snacks, the "Summer Sips" program includes exclusive combo deals, member pricing, and sweepstakes entries. Customers can also earn and redeem Smiles loyalty points in-store or through the Yesway and Allsup's Rewards apps. For the complete list of promotions and participating locations, visit or download the Yesway or Allsup's app. To find the nearest Yesway or Allsup's store, please visit Yesway Locations or Allsup's Locations. *Available through June 30, 2025**Available through May 31, 2025 Editor's Note: To arrange interviews, contact Erin Vadala, Warner Communications, at 617.669.1560 or erin@ High-resolution images and graphics are available upon request. About Yesway - Yesway is one of the fastest-growing convenience store operators in the United States. Established in 2015 and headquartered in Fort Worth, Texas, Yesway operates 444 stores across Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma, and Nebraska. Operating primarily under two successful brands, Yesway and Allsup's, the company is known for its leading food service offerings, including Allsup's famous deep-fried burrito. Yesway stores offer high-quality grocery items and private-label products, serving as the convenience retail destination in many rural and suburban markets. With a strong track record of growth through acquisitions and new store construction, Yesway is well-positioned for further expansion and has received numerous industry awards for its growth initiatives, management team, loyalty program, and employee contributions. Visit Yesway for more information. View original content to download multimedia: SOURCE Yesway Sign in to access your portfolio
Indianapolis Star
5 days ago
- Business
- Indianapolis Star
East side Indy Hostess plant will close by early 2026, J.M. Smucker says
J.M. Smucker has announced plans to shutter the longstanding Hostess plant on the east side of Indianapolis by early 2026, a move that is expected to put hundreds of local workers out of a job. J.M. Smucker, the parent company of Hostess based in Orville, Ohio, said in a May 27 press release it aims to consolidate operations and sell the Indianapolis facility at the corner of 30th Street and Shadeland Avenue Roughly 260 people work at the Indianapolis Hostess plant, according to a facility map on the Smucker website. Since 1957, workers at the east side plant have baked beloved products, beginning with Wonder Bread and later expanding to other Hostess baked goods, like the iconic Twinkies cakes and Donettes mini donuts. The plant changed hands in the 1990s and briefly closed in 2012 due to Hostess declaring bankruptcy before reopening a year later. Hostess Brands, along with the Indianapolis facility, was acquired by the J.M. Smucker Company in 2023. In a statement, J.M. Smucker executives said the closure is part of the company's "Sweet Baked Snacks" strategy, which is focused on growing the Hostess brand and increasing the company's position in the sweet baked goods category at the grocery store. "This decision continues the ongoing work to ensure our manufacturing network is optimized to mitigate costs and reduce complexity in support of the execution of our Sweet Baked Snacks strategy, which is focused on stabilizing the Hostess business and positioning it for long-term growth," said Judd Freitag, Senior Vice President and General Manager, Pet and Sweet Baked Snacks. "Any decision that impacts our employees is only made after careful consideration. We appreciate the contributions of our Indianapolis employees, and we will support them through this transition." Indianapolis manufacturing: Roche will put $550 million facility for glucose monitors in Indianapolis, adding 650 jobs The company also makes Hostess products at two plants in Kansas and one site in Georgia. J.M. Smucker will release more information on how it will close and sell the Indianapolis plant on its June 10 earnings call.
Yahoo
5 days ago
- Business
- Yahoo
JM Smucker to close Hostess Brands plant
JM Smucker is set to close its manufacturing facility in Indianapolis, Indiana, as part of the 'continued optimisation' of its sweet baked snacks unit. The facility in question manufactures products under the Hostess brand, which JM Smucker purchased in 2023 in a $5.6bn transaction. The Orrville, Ohio-headquartered company said in a statement that it will shut down the Indianapolis plant and purse a sale of the site by early 2026. Production will be switched to other unspecified factories, JM Smucker added. Judd Freitag, senior vice president and general manager of the pet and sweet baked snacks business unit, said the move is in line with the 'ongoing work to ensure our manufacturing network is optimised to mitigate costs and reduce complexity in support of the execution of our sweet baked snacks strategy, which is focused on stabilising the Hostess business and positioning it for long-term growth'. JM Smucker, which also owns the Folgers, Bustelo and Jif brands, did not provide details about the number of employees that will be affected by the closure. However, Freitag said: 'Any decision that impacts our employees is only made after careful consideration. We appreciate the contributions of our Indianapolis employees, and we will support them through this transition.' The company has faced challenges with Hostess, reporting a third-quarter loss in March after recording goodwill impairment charges exceeding $1bn. JM Smucker posted a net loss of $662.3m for the three months ended 31 January, compared to a profit of $120.4m a year earlier. In August, JM Smucker also announced plans to lay off 79 workers at the Lenexa, Kansas offices of Hostess. Additionally, JM Smucker has been divesting other assets. Following the Lenexa layoffs, the company agreed to sell its cookies brand to Second Nature Brands in an all-cash transaction valued at $305m. The deal included the Voortman Bakery brand, its manufacturing site under lease in Ontario, and approximately 300 employees. JM Smucker acquired Voortman when it purchased Hostess Brands, which had bought Voortman in 2019 for $320m. In February, JM Smucker sold its Cloverhill and Big Texas brands to JTM Foods for around $40m. The transaction included Cloverhill pastries, Big Texas cinnamon rolls, private-label products, and a manufacturing facility in Chicago. "JM Smucker to close Hostess Brands plant " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Entertainment
- Yahoo
Legendary Sacramento Anchor Stan Atkinson Dies at 92
Veteran Sacramento reporter and anchor Stan Atkinson died on Sunday. He was 92. Atkinson reported for KCRA and KOVR as an anchor for nearly 40 years. He retired from local news in 1999. At one time local paper The Sacramento Bee called him 'the man who owns Sacramento.' At the age of 25, Atkinson embarked on a career in Sacramento at a station that had just gotten off the ground. It was 1957, and in walked a fresh-faced, youthful man with a tight crew cut. He'd been recruited from a small television station and the owner of KCRA at the time, Gene Kelly, had no idea he'd been hired. Kelly turned on his TV one night and saw the 11 o'clock newscast only to show up in the morning editorial meeting the next day asking 'who in the hell ever hired that damn kid?!' Instead of firing him, Kelly kept Atkinson, beginning a decades-long relationship between KCRA and Stan Atkinson. They had a newscast in the beginning…it was 10 minutes long. Five of it was sports. Television news was different in the 1950s. For one, it was sponsored and those sponsors' products showed up on set. The entertainment had a fried pie company. The network's 'Huntley/Brinkley news hour' had Camel cigarettes. And Stan Atkinson had Hostess. 'The floor man would roll in a table that was decorated with open or still packaged Hostess Cinnamon Dainties,' Atkinson described in a 2015 interview. 'And, it was up to me to open a package, pull one out, hold it up, take a bite, and say, Hostess Cinnamon Dainties. I'd say. Got it. Hostess Cinnamon Dainties. I'd take another bite. Get them.'"Atkinson was a principal fundraiser helping to raise money to build the $2.2 million California Vietnam Veterans Memorial on the State Capitol grounds," the National Academy of Television Arts & Sciences said on its website.
