Daily News: January 23, 2013

Metropoulos, Apollo to Bid for Hostess Cakes Business

Bloomberg reported that private equity firms C. Dean Metropoulos and Apollo Global Management plan to bid for the cakes business of bankrupt Hostess Brands.

The article said that the cake brands – Ding Dongs, Ho Hos and Drake Devil Dogs – have drawn multiple bidders.

Bloomberg quoted Metropoulos as saying, “It would be a tremendous opportunity to resurrect these legendary brands and bring them back to the consumer.”

To read the entire Bloomberg story, click here.

Previously on abfjournal.com:

Pension Fund Hires Gordian Group in Hostess Bankruptcy, Monday, January 21, 2013