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Hostess Brands, formerly known as Interstate Bakeries Corporation, is a leading wholesale baker that sells and distributes its baked goods to supermarkets, mass marketers, and convenience stores. The privately-held bread and snack food manufacturer also sells directly to consumers through Hostess Brands retail bakery outlets. The company's brands include Twinkies, Wonder, Home Pride, Hostess Fruit Pies, and Ho-Hos. Founded in 1930 by Ralph L. Nafziger, Hostess Brands has headquarters in Irving, Texas.
Hostess filed for Chapter 11 bankruptcy protection in September 2004 and emerged as a private company in February 2009. In January 2012, It filed for its second Chapter 11 bankruptcy. The company was burdened with 372 union agreements following its post-2004 bankruptcy restructuring led by Ripplewood Holdings, which led to Hostess' second bankruptcy filing. In January 2012, 83% of Hostess' 19,000 employees were unionized. As the result of an national strike imposed by the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) in November 2012, Hostess filed for Chapter 7 in bankruptcy court on November 16, 2012.
| Company Tags: | PE Backed |
| Year Founded: | 1930 |
| Formerly Named: | Interstate Bakeries Corporation |
| Fiscal Year End: | 05/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Irving |
| State/Province: | Texas |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.hostessbrands.com |
| Subsidiaries: | IBC Services, LLC Interstate Brands Corporation IBC Sales Corporation Mrs. Cubbison's Foods, Inc. IBC Trucking, LLC Baker's Inn Quality Baked Goods, LLC New England Bakery Distributors, L.L.C. Armour and Main Redevelopment Corporation |
| Brands: | Ding Dongs Hostess Cakes Twinkies Dolly Madison Cakes Drake's Cakes Wonder Bread Nature's Pride Breads Home Pride Breads Beefsteak Breads Merita Breads Betternut Breads Cotton's Holsum Breads Eddy's Breads Holsum Breads J.J. Nissen Breads Sweetheart Breads Millbrook Breads |
| Founders: | Ralph Leroy Nafziger |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Export All Hostess Brands, Inc. Financials To Excel
$99 Single Company AccessInstant Full Site-Wide Access| Income Statement | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
| Revenues | View | View | View | View | View | View | View | $3,403,505,000 | $3,467,562,000 | $3,525,780,000 |
| Cost of Goods Sold (Cost of Sales) | View | View | View | $1,724,054,000 | $1,733,303,000 | $1,734,494,000 | ||||
| Operating Income (Loss) | View | View | View | ($585,588,000) | ($183,774,000) | $150,995,000 | ||||
| Net Income (Loss) | View | View | View | View | View | ($379,280,000) | ($33,370,000) | $27,450,000 | ||
| Revenues - Twinkie | View | |||||||||
| Revenues - Hostess Donuts | View | |||||||||
| Revenues - Hostess Cupcakes | View |
| Financial Notes: | |
| * | Hostess Brands, Inc. fiscal year end: 05/31 |
| 1 | Hostess disaggregated Inventories and Assets... read more. |
| 2 | Net Fixed Assets consisted of... read more. |
Export All Hostess Brands, Inc. Financials To Excel
$99 Single Company AccessInstant Full Site-Wide AccessHostess Brands, Inc. Revenues ($ MM): |
Hostess Brands, Inc. Cost of Goods Sold (Cost of Sales) ($ MM): |
Hostess Brands, Inc. Operating Income (Loss) ($ MM): |
Hostess Brands, Inc. Net Income (Loss) ($ MM): |
Hostess Brands, Inc. Total Employees: |
Hostess Brands, Inc. Productivity (Revenue/Employee) ($): |
Export Financials to Excel
$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | 1975 | Completed | Hostess Brands, Inc. | DPF Inc. | Acquisition Minority Stake Purchase | $37,000,000 |
| Details | 1987 | Completed | Hostess Brands, Inc. | Hostess Brands, Inc. Management | Management Buyout (MBO) Take Private | Unspecified |
| Details | 2009 | Completed | View | View | Acquisition Sec 363 Bankruptcy Sale | View |
| Details | May. 2011 | Completed | View | View | Acquisition | View |
| Details | Nov. 2012 | Bid Submitted | View | View | Acquisition | View |
| Details | Nov. 2012 | Bid Submitted | View1 | View | Acquisition | View |
| Details | Nov. 2012 | Bid Submitted | View | View | Acquisition | View |
| Details | Dec. 2012 | Exploring / Rumored | View | View | Acquisition | View |
| Details | Dec. 2012 | Exploring / Rumored | View | View | Acquisition | View |
| Details | Dec. 2012 | Exploring / Rumored | View | View | Acquisition | View |
| Details | Dec. 2012 | Exploring / Rumored | View | View | Acquisition | View |
| Details | Jan. 2013 | Bid Submitted | View2 | View | Acquisition Asset Sale Sec 363 Bankruptcy Sale | View |
| Details | Feb. 2013 | Completed | View | View | Acquisition Asset Sale Sec 363 Bankruptcy Sale | View |
| Details | Feb. 2013 | Completed | View3 | View | Acquisition Asset Sale Sec 363 Bankruptcy Sale | View |
| Details | Mar. 2013 | Completed | View4 | View | Acquisition Asset Sale Sec 363 Bankruptcy Sale | View |
| Details | Mar. 2013 | Completed | View5 | View | Acquisition Asset Sale Sec 363 Bankruptcy Sale | View |
| 1 | Hurst Capital's terms weren't released...Read More → |
| 2 | The four bread brands include...Read More → |
| 3 | The deal would pay $360...Read More → |
| 4 | The stalking horse bidders won...Read More → |
| 5 | An auction for Drake's was...Read More → |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Investor | Round | Investor Type | |
| Dec. 2011 | View | Debt Funding | Private Equity | |
| Dec. 2011 | View | Debt Funding | Hedge Fund | |
| Dec. 2011 | View | Debt Funding | Hedge Fund | |
| Details | Total Round Debt Funding1 View | |||
| Dec. 2012 | View | Debt Funding | Private Equity | |
| Details | Total Round Debt Funding View | |||
| Total of Funding Shown Above View | ||||
| 1 | In late 2011, Ripplewood contributed...Read More → |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | 1987 | Management Buyout (MBO) Take Private | Take Private | Private | |||
| Details | May. 1991 | IPO | Final (Went Public) | Public | $250,000,000 | IBC | |
| Details | Sep. 2004 | Chapter 11 Restructuring | Private1 |
| 1 | Declining sales and resulting liquidity crunch, high fixed cost structure, and rising employee healthcare and pension costs were among various issues that forced the company to file for bankruptcy protection. The figures here are taken from September 2004, when Hostess entered bankruptcy. - Details → |
$99 Single Company AccessInstant Full Site-Wide Access| Type | Date Entered | Date Exited | Assets | Liabilities | |
| Details | Chapter 11 Restructuring1 | Sep. 2004 | Feb. 2009 | $1,600,000,000 | $1,300,000,000 |
| Details | View2 | Jan. 2012 | View | View | View |
| Details | View3 | Nov. 2012 | View | View | View |
| 1 | Declining sales and resulting liquidity crunch, high fixed cost structure, and rising employee healthcare and pension costs were among various issues that forced the company to file for bankruptcy protection. The figures here are taken from September 2004, when Hostess entered bankruptcy. - Details → |
| 2 | Hostess will try to avoid...Read More → |
| 3 | As the result of the...Read More → |
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$99 Single Company AccessInstant Full Site-Wide AccessFounding and Regional Expansion
Ralph Leroy Nafziger founded Hostess Brands in 1930 as Interstate Bakeries Corporation with headquarters in Kansas City, Missouri. In 1937, Interstate merged with the Schulze Baking Company, Inc., another Kansas City baker. In 1943, the company acquired Los Angeles-based Supreme Baking Company. In 1950, Interstate purchased New York-based O'Rourke Baking Company as part of its strategy to expand into new regions.
In 1951, Interstate acquired Milwaukee-based Mrs. Karl's Bakeries. Three years later, the company bought the Ambrosia Cake Company, the Remar Baking Company, and the Butter Cream Baking Company. In 1958, Interstate purchased the Campbell-Sell Baking Company that was based in Denver, Colorado. By the end of the 1950s, Interstate had added Pennsylvania-based Kingston Cake Bakery to its list of acquisitions.
1960s: Growth in the Midwest Market
In 1960, Interstate acquired Wisconsin-based Cobb's Sunlit Bakery,… Continue Reading →
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