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Private equity firms ink $410 million deal for Hostness snack brand
date:Mar 14, 2013
Hostess Brands, Inc., accepted a stalking horse bid of $410 million from investment firms Apollo Global Management LLC and Metropoulos Co. for the majority of its snack cake business that includes Hostess and Dolly Madison branded products.

Apollo and Metropoulos agreed to pay $410 million to purchase the brands, five bakeries and certain equipment. Among the products included are the company's Twinkies, Ho Hos, Ding Dongs and Donettes snack cakes. Hostess Brands will ask the U.S. Bankruptcy C

12/25 08:53