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Hostess Brands
Hostess Brands Inc. is an American bakery company formed in 2013. Its main operating subsidiaries are Hostess Brands, LLC, and Voortman Cookies Limited. The company owns several bakeries in the United States that produce snack cakes under the Hostess and Dolly Madison brand names and its Canadian subsidiary, Voortman Cookies Ltd., produces wafers and cookies under the Voortman brand name. It is headquartered in Lenexa within Johnson County, Kansas. The J.M. Smucker Company agreed to acquire Hostess Brands for $5.6 billion in a cash and stock deal on September 11, 2023. The purchase was completed in November. History The Hostess Brands company formed in June 2013, having started as a venture by Apollo Global Management and C. Dean Metropoulos and Company, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Honey Bun
A honey bun, or honeybun, is a fried yeast pastry that contains honey and a swirl of cinnamon in the dough and is glazed with icing. Unlike most sweet rolls, which are generally the product of bakeries, honey buns are common convenience store and vending machine fare made by companies like Little Debbie, Hostess and Duchess. Normally sold individually wrapped, alone, or in boxes, they are a snack or grab-and-go breakfast or dessert item which can be eaten at cold, hot, or ambient temperatures. History Louis Griffin ran a restaurant in Winston-Salem, North Carolina and commissioned his mother Ellen Griffin to make small pies. These became so popular that in 1926, Griffin sold his restaurant and opened a home bakery service in Greensboro, North Carolina to sell small fried pies to local restaurants. In 1929, he expanded further and formed the Griffin Baking Company. Louis' oldest son Nelson Griffin, Sr. joined the company and started the Griffin Pie Co. in Charleston, West Virgini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ho Hos
Ho Hos are small, cylindrical, Icing (food), frosted, cream-filled chocolate snack cakes with a Pinwheel (toy), pinwheel design based on the Swiss roll. Made by Hostess Brands, they are similar to Yodels by Drake's Cakes, Drake's and Swiss roll, Swiss Cake Rolls by Little Debbie. Sold two or three per package, they contain about 120 calories per roll. The product is also produced in Canada by Vachon Inc., which holds its Canadian rights, but they are marketed as Chocolate Swiss Rolls. History A San Francisco bakery created the first Ho Hos in 1967. Happy Ho Ho was created in the 1970s and was the original cartoon mascot for Ho Hos. The mascot appeared on the boxes, ads, and television commercials for many years before he was discontinued. The character wore an outfit similar to that of Robin Hood, including a feathered cap. Additional varieties A nut (fruit), nut-covered version named Nutty Ho Hos was introduced in 1989, along with a promotional search for "the country's nutti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hot Dog Bun
A hot dog bun is a type of soft bun shaped specifically to contain a hot dog or another type of sausage. The side-loading bun is common in most of the United States, while the top-loading New England–style hot dog bun is popular in that region. Other regional variations include the addition of poppy seeds to the buns of Chicago-style hot dogs. History Hot dog historian and professor emeritus at Roosevelt University Bruce Kraig believes the term "hot dog" was invented in the late 19th century by American observers of German immigrants, who ate sausages on buns. The Americans joked that the sausages looked suspiciously like the Germans' dachshunds. Charles Feltman invented an elongated hot dog bun on Coney Island in 1871 according to writer Jefferey Stanton. According to an obituary of Austrian immigrant baker Ignatz Frischmann published in 1904, the "Vienna roll" supplied to Coney Island hot dog vendors was invented by Frischmann and made him a rich man sometime bef ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ding Dong
A Ding Dong is a chocolate cake produced and distributed in the United States by Hostess Brands and in Canada from Vachon Inc. under the name King Dons; in some U.S. markets, it was previously known as Big Wheels. With the exception of a brief period in 2013, the Ding Dong has been produced continuously since 1967. It is round with a flat top and bottom, close to three inches in diameter and slightly taller than an inch, similar in shape and size to a hockey puck. A white creamy filling is injected into the center and a thin coating of chocolate glaze covers the cake. The Ding Dong was originally wrapped in a square of thin aluminum foil, enabling it to be carried in lunches without melting the chocolate glaze. History and naming The Ding Dong is similar to other cream-filled cakes such as Vachon Inc., Arcade Vachon's Jos. Louis introduced before 1934. Hostess began marketing its Ding Dong in 1967. The name was given to coincide with a television ad campaign featuring a ringing b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostess CupCake
Hostess CupCake is an American brand of snack cake produced and distributed by Hostess Brands and currently owned by The J.M. Smucker Company. Its most common form is a chocolate cupcake with chocolate icing and vanilla creme filling, with seven distinctive white squiggles across the top. However, other flavors have been available at times. It has been claimed to be the first commercially produced cupcake and has become an iconic American brand. History The Hostess CupCake was first sold on May 10, 1919. According to author Andrew F. Smith, it was the first commercially produced cupcake, originally produced by the Taggart Bakery as the Chocolate Cup Cake. Hostess has also claimed that it was "the first snack cake ever introduced to the market." In 1989, rival Tastykake disputed this claim, stating that they introduced the first snack cake. Originally, two cupcakes were sold for five cents. Different flavors were offered during the early years, including cupcakes topped with va ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aryzta
ARYZTA AG is a food business based in Zürich, Switzerland. It operates in Europe, Asia, Australia and New Zealand. It is incorporated in Switzerland and is listed on the SIX Swiss Exchange (the Zürich Stock Exchange). It discontinued its listing on Euronext Dublin on 1 March 2021. The group is a major supplier in the specialty frozen bakery sector, and is a global supplier of baked goods to the food service, retail and quick service restaurant sectors. History The company was founded as the Irish Co-Operative Agricultural Agency Society in January 1897 and renamed the Irish Agricultural Wholesale Society ('IAWS') in December 1897. It was first listed on the Irish Stock Exchange in 1988 and for most of the 1990s the company was managed by Philip Lynch, first as chief executive officer and later chairman. It bought Shamrock Foods in 1989, R&H Hall in 1990 and Cuisine de France in 1997. The company went on to buy Delice de France in 1999 and La Brea Bakery in 2001. In 2003, Ow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cloverhill Bakery
Cloverhill Bakery was a producer of baked goods primarily sold through vending machines and retail throughout North America. History Cloverhill was founded by William Gee II in Chicago, Illinois, in 1961 as a small family owned vending company that hand-packed pastries. The two sons, William E. Gee III & Edward Gee, took over the business and phased out of the vending business to focus solely on the bakery to provide pastries to the vending machine customers. In 1977 Cloverhill Pastry Vend Corporation, expanded the bakery's facilities on 2020 North Parkside, Chicago, IL and implemented an automated Danish baking system. With the new Rheon dough lamination line, Cloverhill was able to bake high quality croissants for Burger Kings croissan'wich and eventually baked cinnamon rolls and pastries for Burger King too. Cloverhill also produced doughnuts for 7-Eleven. Cloverhill used dry ice in the dough process and used a dry ice crusher and dry ice purchased from Continental Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Twinkie
The Twinkie is an American snack cake, described on its packaging as "golden sponge cake with a creamy filling". It was formerly made and distributed by Hostess Brands. The brand is currently owned by Hostess Brands, Inc., in turn currently owned by The J.M. Smucker Company and having been formerly owned by private equity firms Apollo Global Management and C. Dean Metropoulos and Company as the second incarnation of Hostess Brands. During bankruptcy proceedings, Twinkie production was suspended on November 15, 2012, and resumed after an absence of a few months from American store shelves, becoming available again nationwide on July 15, 2013. Grupo Bimbo's Vachon Bakery, which owns the Canadian rights to the product and made them during their absence from the U.S. market, produces Twinkies in Canada at a bakery in Montreal. They are made in Emporia, Kansas, in the U.S. Twinkies are also available in Mexican stores as "Submarinos" made by Marinela, and as "Tuinky" made by Wonde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticker Symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded Share (finance), shares of a particular stock or Security (finance), security on a particular stock exchange. Ticker symbols are arrangements of symbols or characters (generally Latin letters or digits) which provide a shorthand for investors to refer to, purchase, and research securities. Some exchanges include ticker extensions, which encode additional information such as share class, bankruptcy status, or voting rights into the ticker. The first ticker symbol was used in 1867, following the invention of the ticker tape machine by Edward A. Calahan, Edward Calahan. It was used to identify shares of the Union Pacific Railroad Company. Interpreting the symbol Stock symbols are unique identifiers assigned to each security traded on a particular market. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock. The symbols were ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Takeover
A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company. Process In a reverse takeover, shareholders of a private company purchase control of a public shell company/ SPAC, and then merge it with the private company. The publicly traded corporation is called a "shell," since all that exists of the original company is its organizational structure. The private company shareholders receive a substantial majority of the shares of the public company and control of its board of directors. The transaction can be accomplished within weeks. The transaction involves the private and shell company exchanging information on each other, negot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
