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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.
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]
In August 2016, the Playboy Mansion was bought for $100 million by Daren Metropoulos, the co-owner of Hostess Brands and a principal in the investment firm C. Dean Metropoulos & Co. [21] Metropoulos intends to renovate and restore the mansion to its original form. [1]
Amado, a landmarked beachfront house on 3,2 acres, has sold, reportedly for $148 million. The house was designed in 1919 by Addison Mizner.
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In 1980 it was still third in sales in the U.S. Between 1980 and 1981 the company had four different CEOs, and by 1982 it slipped to fifth. [10] In 1996, Pabst headquarters left Milwaukee, [11] and the company ended beer production at its main complex there. [12] By 2001, the brand's sales were below a million US bbl (120 million L).
A Florida limited liability company named 123 LLC — controlled by William Pencer — in September 2003 paid a recorded $12.1 million for Amado, which lies about eight-tenths of a mile north of ...