December 18, 2014 12:10 PM ET

Company Overview of Hostess Brands, LLC

Company Overview

New HB Acquisition LLC is based in Missouri. New HB Acquisition, LLC operates as a subsidiary of Hostess Holdco LLC.

, MO 

United States

Founded in 2013

Key Executives for Hostess Brands, LLC

Chief Executive Officer and President
Age: 54
Compensation as of Fiscal Year 2014.

Hostess Brands, LLC Key Developments

Owners of Hostess Brands Reportedly Plans To Put Hostess Brands On Sale

Apollo Global Management, LLC (NYSE:APO) and C. Dean Metropoulos & Co. are planning to put the Hostess Brands LLC up for sale in early 2015, potentially valuing it at more than $1.7 billion, including debt, Reuters reported citing people familiar with the matter. Apollo Global Management and C. Dean Metropoulos received inquiries from some potential buyers about selling the cake business. Hostess Brands is also having conversations with investment banks Rothschild, Credit Suisse Group AG and Perella Weinberg Partners about advisory roles they are likely to have in a potential sale. Apollo, Credit Suisse and Rothschild declined to comment, while Metropoulos, Hostess Brands and Perella Weinberg did not immediately respond to requests for comment.

Hostess Brands to Close Schiller Park Bakery in Chicago on October 19, 2014

Hostess Brands, LLC announced that it will close Schiller Park bakery in Chicago on October 19, 2014. Twinkies were invented in 1930 in Chicago and Schiller Park bakery was the last facility in Illinois that still made the treat. The company is offering a severance package to the some 400 employees affected by the closure. The entire company and all production of snacks were temporarily shut down in 2013 after Hostess Brands filed for bankruptcy. The brand was purchased for $410 million by private equity firms Apollo Global Management and C. Dean Metropoulos & Co. and reopened last year.

Hostess Brands, LLC Announces Management Changes

Hostess Brands, LLC announced that William Toler, a colleague of Hostess Chairman Dean Metropoulos who previously served as CEO of AdvancePierre Foods and President of Pinnacle, has been named as President and CEO. Longtime Hostess executive Rich Seban, who most recently served as the company's President and COO, has been named Vice Chairman.

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