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2. Charles Dean Metropoulos[3] (Greek: Ντιν Μητρόπουλος; born May 1946 [1] in Tripoli, Greece [2]) is a Greek-American billionaire investor and businessman. He was the owner of Pabst Brewing Company, which was founded by Jacob Best in 1844. [2][4] On the Forbes 2020 list of the world's billionaires, he was ranked #875 with a net ...
The Hostess Brands company formed in June 2013, having started as a venture by Apollo Global Management and C. Dean Metropoulos and Company, [3] to acquire assets from Old HB, the company formerly known as Interstate Bakeries and Hostess Brands Inc. Apollo and Metropoulos purchased certain cake business assets of Old HB – which had filed for Chapter 11 bankruptcy and bankruptcy liquidation ...
The deal was approved by a bankruptcy court, and C. Dean Metropoulos and Company principal Daren Metropoulos announced that Hostess products would be sold again on July 15. [74] This division eventually went public as the second incarnation of Hostess Brands, and announced it would be acquired by J.M. Smucker on September 11, 2023. [9]
Metropoulos is a principal at Metropoulos & Co., the private equity firm founded by his billionaire father, C. Dean Metropoulos, who also owns a home in Palm Beach.
Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.. Hostess shareholders will receive $30 in cash and .03002 shares of Smucker’s stock for each ...
The company was founded in November 1996 when American Home Products spun off its food business, American Home Foods, which was acquired by private equity firm Hicks, Muse, Tate & Furst and C. Dean Metropoulos & Co. and renamed International Home Foods. [3] The latter paid US$1.2 billion to acquire 80% of IHF. [4]
A deal worth more than $400 million may be on the table as soon as tomorrow for Hostess Twinkies and other of the bankrupt Hostess Brands Inc.'s popular snack food brands. A report in The Wall ...
Hostess Brands (the former Interstate Bakeries Corporation) closed in 2012. During the liquidation process, it again changed its name, to Old HB. An entirely new and separate entity, New HB Acquisition LLC, was established in 2013, 50% owned by HB Holdings, LLC, a venture set up by Apollo Global Management and C. Dean Metropoulos and Company. [27]