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The company was founded in 1993 and is based in Greenwich, Connecticut. [13] As of 2011, C. Dean Metropoulos & Co. has been involved in over 72 acquisitions with over $12 billion in invested capital. [12] The company jointly owned Hostess Brands along with Apollo Global Management.
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.
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]
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 ...
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Sara Lee may soon find itself entertaining competing bids from an investor group led by Apollo Global Management and C. Dean Metropoulos and from Brazilian meat-processing company JBS SA.
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]
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