The maker of Twinkies wants to expand its portfolio with a new bet on wafers, cookies and sugar-free treats. Hostess Brands Inc. on Monday said it struck a deal to buy Voortman Cookies Ltd. for about $320 million in cash from Swander Pace Capital, a private-equity firm that acquired a majority stake in the baker in 2015. Founded in 1951,...

Source: Wall Street Journal December 02, 2019 22:07 UTC