C. Dean Metropoulos & Co. said it plans to bid for the cakes business of bankrupt Twinkies maker Hostess Brands Inc. with Apollo Global Management.
The cake brands of the 82-year-old maker of Ding Dongs, Ho Hos and Drake’s Devil Dogs had drawn multiple bidders, Hostess lawyers said at a December court hearing. Potential buyers separately were interested in other Hostess products or manufacturing plants, said Heather Lennox, an attorney for the Irving, Texas-based baker.
Hostess Brands, which has plants in Boonville, Mo. and Lenexa and Emporia, Kan., began to wind down operations in November after failing to reach an agreement with its striking bakers’ union.