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Items Tagged with 'Hostess Brands Inc.'
Hostess Brands Inc. has selected affiliates of Apollo Global Management, LLC and Metropoulos & Co. as the “stalking horse” bidder for the majority of the assets of its snack cake business, which includes both Hostess and Dolly Madison branded products, including the iconic Twinkies brand.
McKee Food, Collegedale, Tenn., reportedly will offer Hostess Brands Inc. approximately $27 million for its Drake’s brand, a maker of snack cakes.
Members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union employed at Hostess Brands locations across the country began to strike on Nov. 9. The Texas-based company says a widespread strike could cause it to liquidate.