Twinkie

Hostess sold for $140 million to Apollo, Metropoulos

12 Mar, 2013

Hostess 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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