The transaction, which has been unanimously approved by the Hostess board of directors, is set to close in early January 2020.

Thin and crispy, wafers are often enjoyed while they’re sandwiching cream — but for decades, candy companies have also incorporated them into tasty, textural confections.

Loacker has launched the Duality Chocolate Bar, a delicious confection that offers two sides of goodness. 

The blue-ocean approach encourages entrepreneurs to create uncontested market space instead of competing in "red oceans," where there's likely to be plenty of blood in the water. It's a strategy that Jan Kolański, president of the Colian Group, has embraced and evolved .