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TWNK - Hostess Brands Inc
$13.69
-0.05(-0.40%)8:59:16 PM 1/19/2021
Hostess Brands is an American bakery company formed in June 2013. It owns several bakeries in the United States that produce snack cakes under the Hostess and Dolly Madison brand names. It is headquartered in Kansas City, Missouri, and is 50% owned by HB Holdings, LLC, a venture set up by Apollo Global Management and C. Dean Metropoulos and Company. The company is separate from Old HB, which was formerly known as Hostess Brands, Inc. from 2009 to 2013. Old HB is currently under liquidation and sold its cake business to Apollo and Metropoulos, creating the current Hostess Brands. The current Hostess Brands was formed as New HB Acquisition, LLC to acquire the cake business of Hostess Brands, Inc. Following the conclusion of the sale, Hostess Brands, Inc. became Old HB, Inc. and New HB Acquisition became Hostess Brands, LLC.
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