Hostess Brands acquires investor

July 5, 2016

Hostess Brands will announce today that a majority stake in the company was sold to the Gores Group, an investment firm, for about $725 million.

Hostess exited bankruptcy about three years ago, and this is its first time going public again. Since bankruptcy, it was owned by the investment firm Apollo Global Management and Metropoulos & Company, previous owner of the maker of Pabst Blue Ribbon beer.

Hostess was founded in 1919 with the Hostess CupCake, and became famous with the Twinkie product.

Events

July 21, 2022

Fresh Bread Category Insights and Younger Consumers

This webinar will provide perspective on how younger consumers are approaching the fresh bread category, and particularly center-store fresh bread products like sandwich breads, buns and rolls, bagels, and English muffins, as well as artisan breads found in the in-store bakery (ISB).

January 1, 2030