date:Apr 30, 2013
agement and Metropoulos Co has acquired the Twinkies, Ho Hos, Ding Dongs and Donettes snack cakes brands from Hostess, in a deal valued at $410m.
Hostess chairman and CEO Dean Metropoulos was quoted by the Wall Street Journal as saying that the company plans to invest $60m into the facilities between now and September, and aims to create at least 1,500 jobs.
However, none of the workers are expected to be represented by unions.
Earlier, the Hostess products that Apollo and Metropoulos acquir