The so-called ChanRao horse offer private equity investment company, to work together to buy 82 - year - old baker, will serve as a lowest quotation business, still can be more than others.
Agree, Apollo and Metropoulos have bought brand, bakery and some equipment.
This agreement does not need to undertake any Apollo and Metropoulos host snacks debt or other obligation.
Apollo, the establishment by bankers Leon black, has invested in consumer companies, including CKE restaurants and Clare chain company
"We believe, we agreed to buy provide significant potential restorative growth and spread to more distribution channels hostess snack brand," Andy Jhawar, Apollo consumers and food retail group said in a statement.
Dean Metropoulos, in 360, "Forbes" 400 the most wealthy person, is a was jointly owned brand, including Hans Duncan baking mixture, vladimir pickle and made Swanson frozen food packaging food veteran.
, "C. Dean Metropoulos", founder and CEO Metropoulos company said: "we are very pleased to be able to seek cooperation with Apollo, we raised the host snacks and return to the legendary products, American consumers.
The hostess said late Wednesday, it will choose the assets of the successful tenderer in various auction at the end of the bread and cookies cake business.
The company has asked to continue the auction, for the majority of snacks cake business assets in the March 13,, in New York bankruptcy court approval.
Sold to successful bidder need to court approval.
The hostess was awarded by the limits of the United States bankruptcy court judge in November to end its business, a baker union strike, weaken the operation of the company, the liquidation of its assets.
Host brand tracking horse had the agreement, is worth more than $440 million for the total purchase price sell bread business, including walnut, the pride of the family, MeiLiDa and natural pride related assets most.
"Tracking horse tender set the floor for most of the company's assets of more than $850 million," the hostess brand executive Gregory LeiBoEn said.
The sale of assets, the range from butter cream, do not know real estate bread, baking equipment, is running pereira gw partner.



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