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Private equity firms unopposed in bid for Hostess snack cake businesses
date:Mar 13, 2013
A $410 million offer from HB Holdings L.L.C., an affiliate of private equity groups Apollo Global Management L.L.C. and Metropoulos Co., was the only qualified bid received by the 5 p.m. EST deadline yesterday.

Brands included under the agreement include Twinkies, Mini Muffins, Cup Cakes, Ho Hos, Zingers and Suzy Qs. The acquisition includes the purchase of more than 300 recipes sold under the brand names.

Five plants to be acquired in the transaction are located in Los Angeles; Columbus, Ga.

12/24 01:42