Hostess Brands

Summary

Hostess Brands, Inc., a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products. It offers its products under the Hostess, Dolly Madison, Cloverhill, Big Texas, Voortman, CupCakes, Twinkies, Donettes, Ding Dongs, Zingers, Ho Hos, and Big Texas brands. The company was formerly known as Gores Holdings, Inc. and changed its name to Hostess Brands, Inc. in November 2016. Hostess Brands, Inc. was founded in 1919 and is headquartered in Lenexa, Kansas.

History

The Hostess Brands company formed in June 2013, having started as a venture by Apollo Global Management and C. Dean Metropoulos and Company, to acquire assets from Old HB, the company formerly known as Interstate Bakeries and Hostess Brands Inc. Apollo and Metropoulos purchased certain cake business assets of Old HB – which had filed for Chapter 11 bankruptcy and bankruptcy liquidation – through the bankruptcy court, ultimately assuming the name, branding and much of the product line of the former Hostess Brands.

These assets included four bakeries, located in Columbus, Georgia; Emporia, Kansas; Indianapolis, Indiana; and Schiller Park, Illinois. The Schiller Park facility later closed in October 2014.In July 2016, Hostess announced it would be going public in an offering valuing the company at $2.3 billion. The deal would see Apollo Global Management and C. Dean Metropoulos and Company become minority owners, with The Gores Group taking a majority ownership position in the firm.Instead of making an initial public offering, Gores acquired Hostess via a spin-off, under a special-purpose acquisition company process. Gores Holdings subsequently renamed itself Hostess Brands, Inc., changing its ticker symbol from GRSH to TWNK, after the Twinkie brand snack cake.In April 2018, the company announced that Andy Callahan would take over as CEO in May 2018.

Mission

Our mission is to be the leading bakery in the world, providing consistently high-quality snack cakes and innovative products that bring joy to our consumers.

Vision

Our Vision is to be the most innovative and well-regarded bakery brand in the world, offering a portfolio of extraordinary products that delight consumers and achieve our growth objectives.

References

https://en.wikipedia.org/wiki/Hostess_Brands

https://in.investing.com/equities/gores-holdings-inc

https://finance.yahoo.com/quote/TWNK/profile?p=TWNK

https://www.comparably.com/companies/hostess-brands/mission

https://www.crunchbase.com/organization/hostess-brands

https://sec.report/CIK/0001644406

https://companiesmarketcap.com/

https://www.hostessbrands.com

Contacts

Follow Us

Hostess Brands

Share

Contacts

Follow Us