GREENWICH, Conn. -- In a $410 million deal, a Greenwich firm has saved Twinkies, which could be back on store shelves by summer, along with other Hostess goodies, the New York Times reported in its Dealb%k.
Two investment firms reached a deal with Hostess Brands, which went bankrupt four months ago, to buy the company's treats, including Ding Dongs, Ho Hos, Sno Balls and Dolly Madison Zingers.
The new owners will be Apollo Global Management and Metropoulos & Company, which owns Pabst Blue Ribbon and Vlasic pickles. C. Dean Metropoulos, who leads the firm that bears his name, works in Greenwich with his sons, Evan and Daren, at the firm, based in Greenwich.
And with the deal, snackers everywhere may soon be able to enjoy a Hostess cupcake with a pickle and a P.B.R.
Read more about the deal here.