J.M. Smucker's CEO Mark Smucker said the acquisition of Hostess Brands will expand their snack offerings and noted how their Uncrustable snack aligns well with Hostess's sweet treats. The deal is set to close by January, with Smucker taking on Hostess's debt. Smucker believes consumer demand for sweet snacks will remain strong and appreciates Hostess's ability to offer moderation in snacking.