Hostess Brands, the maker of treats including Twinkies and HoHos, reported higher sales and earnings for the first nine months of the year thanks to expanded distribution and product launches.
Deep Fried Twinkies are being launched this week at Walmart stores in the US as Hostess Brands makes its first move into frozen food.
Hostess Brands LLC has said expanded product lines, new acquistions and product innovation will form part of its blueprint for strategic growth as the US baked goods group forges ahead under new ownership following a deal announced yesterday (5 July).
Hostess Brands LLC, the maker of the iconic Twinkies and Ho Hos, said today (5 July) it had entered into a definitive agreement to sell a majority stake in the company to a publicly-traded affiliate of investment firm the Gores Group for around US$725m.
Hostess Brands has bought US-based in-store bakery company Superior Cake Products, the company's first acquisition since returning to the market under new ownership three years ago.
Egypt-based baked goods manufacturer Edita Food Industries has reported lower first-quarter sales and profits. For the period ending 31 March, net profits slid 45.1% to EGP32.7m (US$3.6m). Edita Food Industries…
Innovative Bites, the UK-based American food wholesaler, has acquired UK confectioner Bonds of London in a deal that will double the firm's turnover. The company said the "multi-million pound" acquisition was…
Hostess Brands LLC is reportedly in talks to acquire Canada's Give and Go Prepared Foods, from its owner Omers Private Equity. Give and Go is a maker of thaw-and-serve sweet…
Edita Food Industries, the Egypt-based bakery group, is to set up a new manufacturing facility as it prepares to produce Hostess Brands LLC lines for more markets in the Middle…
PepsiCo issued its second-quarter results this week - and upped its annual earnings forecast. The company's shares fell, amid concerns the second half of the year will prove more challenging.…
The owners of Hostess Brands LLC, Metropoulos & Co and Apollo Global Management, have insisted they are not considering selling or listing the business "at this time". Reports yesterday (7…
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