12 Mar, 2013
Hostess sold for $140 million to Apollo, Metropoulos
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Mark Devlin
Mark Devlin2013-03-12 21:35:582014-05-03 15:52:36Hostess sold for $140 million to Apollo, MetropoulosHostess sweet brands have been sold to a group of billionaire investors of $140 million. Apollo Global Management and Metropoulos & Co emerged as the only qualified bid.
Dean Metropoulos: We are very pleased to have the opportunity to bring back America’s favorite snack
Metropoulos also owns Pabst Blue Ribbon, and in the past controlled Chef Boyardee, Bumble Bee and PAM cooking spray. Flowers Foods already publicly announced its purchase of Hostess’ bread brands.
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