Hostess could be headed for sale in early 2015, sources say

Hostess Brands LLC may go up for sale in early 2015, people with knowledge of the situation say.

Apollo Global Management LLC and C Dean Metropoulos & Co purchased the Kansas City-based business out of bankruptcy last year for about $410 million. The company, which makes Twinkies and other banked goods, could fetch as much as $1.6 billion in a sale, sources say.

Hostess filed for bankruptcy in 2012, hampered by management problems, high labor and commodity costs and changing consumer preferences. The 2012 bankruptcy was the company’s second in less than three years.

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