Close  

Hostess, four years after bankruptcy, will go public again

/ 09:08 PM July 05, 2016
In this Nov. 16, 2013, file photo, Twinkies baked goods are displayed for sale at the Hostess Brands' bakery in Denver. AP

In this Nov. 16, 2013, file photo, Twinkies baked goods are displayed for sale at the Hostess Brands’ bakery in Denver. AP

NEW YORK — Almost four years after seeking bankruptcy protection under a barrage of labor issues and rapidly changing appetites, the maker of Twinkies and Ding Dongs will take the stage once again as a publicly traded company.

Hostess Brands, which first emerged in 1919, has been shuffled between different owners since it sought Chapter 11 bankruptcy protection for a second time in July 2012.

ADVERTISEMENT

The latest owners, the Apollo Global Management and Metropoulos & Co., will sell the company for $375 million in cash to Gores Holdings, an acquisition company run by the private equity firm, The Gores Group, the companies said Tuesday.

It was feared by many that the Hostess CupCake, a staple in school lunchboxes for decades, was a fading piece of Americana. Those fears, it appears, were premature. TVJ

FEATURED STORIES

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Apollo Global Management and Metropoulos & Co., Bankruptcy, Ding Dongs, Gores Holdings, Hostess Brands, labor issues, Twinkies
For feedback, complaints, or inquiries, contact us.
entertainment

Louise’s ‘dry run’ for marriage

December 13, 2019 12:30 AM

opinion

Katutubo

December 13, 2019 12:30 AM

entertainment

When movie queens meet

December 13, 2019 12:25 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.