Hostess's iconic sweets will soon return to grocery store shelves. The brands have been sold to a group of billionaire investors for $410 million.
Two private equity shops, Apollo Global Management and Metropoulos & Co., emerged as the victors. "We are very pleased to have the opportunity to bring back America's favorite snack. Apollo and I are proud to be associated with an outstanding set of brands," Dean Metropoulos, the eponymous company's founder said in a statement.