KANSAS CITY — Hostess Brands, Inc.’s confidence in its investment in organic growth as well as its ability to create value puts the company in an “enviable spot” for merger and acquisition activity, said Andrew P. Callahan, president and chief executive officer.
“If M&A is not there at the right price and right value, we’ll take those dollars, and we’ll invest it in different ways,” Mr. Callahan said during a Sept. 9 presentation at the Barclays Global Consumer Staples Conference. “So that puts us in a very good position in the sense we don’t need to be irrational around M&A.”
Mr. Callahan said Hostess’ size can prove challenging when competing against larger companies for potential acquisition targets but is advantageous in other instances, such as the recently completed Voortman transaction.
“They (Voortman) have a defendable consumer position that we think is in a subsegment that’s going to continue to…