Canada: Hostess Brands to acquire Voortman Cookies
Hostess Brands, the US bakery firm, has announced it has acquired Voortman Cookies, a “rapidly growing” manufacturer of wafers, sugar-free and specialty biscuits, from Swander Pace Capital for approximately $320 million. Founded in 1951 and headquartered in Burlington, Canada, Voortman Cookies is described as the number one player in creme wafers and sugar free cookies, with distribution […]
USA: Hostess Brands sells Superior Cake Products
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced it has signed a definitive agreement to sell its Superior Cake Products bakery business to Chicago-based Sara Lee Frozen Bakery for $65 million. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products. Superior Cakes Products manufactures sweet goods […]
USA: Hostess Brands buys breakfast assets from Aryzta
Hostess Brands, the US bakery manufacturer owned by Gores Holdings, has announced that it has acquired a number of assets from rival Aryzta as it looks to strengthen its hand in the breakfast foods space. The deal includes one of Aryzta’s Chicago Cloverhill bakery facilities (the largest individually-wrapped Danish pastry facility in North America), the […]
USA: Nestle and Hostess Brands to team up for ice cream launches
Leading food firms Nestle and Hostess Brands are teaming up for the launch of new ice cream products based on well-known Hostess brand names, according to a report in CSP Daily News. The new product line is said to include a range of 1 pint take-home ice cream tubs, set to hit retailers between February […]
USA: Gores Holdings acquires Hostess Brands for $522 million
Gores Holdings, a special purpose acquisition company, has announced that it has completed its acquisition of bakery firm Hostess Brands for approximately $522 million in cash. The deal sees Gore Holdings take a majority stake in the company, with previous majority owners Apollo Global Management and C Dean Metropolous retaining a 42% minority interest. Hostess […]
USA: Hostess Brands in bid for Give and Go – reports
Hostess Brands, the company behind the Twinkies brand, is negotiating the acquisition of Canadian manufacturer Give and Go, according to a report in Fortune quoting “people familiar with the matter”. Give and Go, which possesses brands such as Two-Bite miniature baked treats and Kimberly’s Bakeshoppe cupcakes and also manufactures private label products, was acquired by […]