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​Hostess, Four Years After Bankruptcy, Will Go Public Again

hostess-logo2.jpg
hostess-logo2.jpg

NEW YORK (AP) — Almost four years after seeking bankruptcy protection under a barrage of labor issues and rapidly changing appetites, the maker of Twinkies and Ding Dongs will take the stage once again as a publicly traded company. Hostess Brands, which first emerged in 1919, has been shuffled between different owners since it sought Chapter 11 bankruptcy protection for a second time in July 2012. The latest owners, the Apollo Global Management and Metropoulos & Co., will sell the company for $375 million in cash to Gores Holdings, an acquisition company run by the private equity firm, The Gores Group, the companies said Tuesday. It was feared by many that the Hostess CupCake, a staple in school lunch boxes for decades, was a fading piece of Americana. Those fears, it appears, were premature. A plant in Emporia produces Hostess snack cakes, including the much-maligned but equally-praised Twinkie.

The AP is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.