Pabst Brewing Parent Partners To Purchase Hostess Twinkies – $410 Million

From CNN:

Twinkies and other Hostess snacks could be back on shelves by this summer after a successful $410 million bid for the business.

The winning bid is a joint venture by private equity firms Apollo Global Management(APO) and Metropoulos & Co. A statement from Dean Metropoulos, founder of one of the firms, confirmed they are the winning bidder."Our family is thrilled to have the opportunity to reestablish these iconic brands with new creative marketing ideas and renewed sales efforts and investment," said Metropoulos.

Metropoulos has experience turning around financially troubled food brands. The firm’s food holdings include Pabst Blue Ribbon beer, and in the past have included Chef Boyardee canned pasta, Bumble Bee seafood, PAM cooking spray and Gulden’s Mustard, all of which it eventually sold to ConAgra Foods In.
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