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Twinkies bought out by Greek-American billionaire Dean Metropoulos PDF Print E-mail
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Greek-American billionaire Dean Metropoulos is saving the famous Twinkies from bankruptcy! Last year, Forbes ranked the 66-year-old Metropoulos, a resident of Greenwich, Connecticut as No. 377 on its list of U.S. billionaires. Hostess Brands Inc. is selling the spongy yellow cakes, along with other snacks including Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co. for $410 million.


Over the last few decades, Metropoulos has sold everything from milk to pickles to frozen foods. In 2010, Metropoulos and his sons purchased Pabst Brewing Co, maker of blue-collar-turned-hipster-favorite Pabst Blue Ribbon beer.

Metropoulos has said they hope to have the cakes back on shelves by this summer.

 

Read more here: http://www.newsobserver.com/2013/03/19/2763059/twinkies-sale-approved-by-judge.html#storylink=cpy

 

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