Bloomberg: Hostess Brands Officially Revived
Bloomberg reported that Hostess Brands officially revived the iconic snack cake, following a seven-month hiatus after the original company decided to liquidate under bankruptcy.
According to Bloomberg, the confection maker will put Twinkies, CupCakes and Ding Dongs in stores across the U.S.
Bloomberg notes that Apollo Global Management and C. Dean Metropoulos paid as much as $410 million for the name and have resumed production and are expanding distribution.
To read the entire Bloomberg story, click here.
Previously on abfjournal: Hostess Names Winning Bidders for Bread, Cake Brands, March 20, 2013