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Hostess Brands, Inc.
This private company is now Inactive, PrivCo's archived Private Company Report on Hostess Brands, Inc. as of (5/2013) is archived below and available to purchase or for PrivCo Enterprise Subscribers
This Report on Hostess Brands is designed to assist in Hostess Brands research, Hostess Brands analysis, Hostess Brands competitive intelligence, Hostess Brands SWOT analysis, and obtaining Hostess Brands company information.
Hostess Brands, Inc. Company Profile Summary
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.
Hostess Brands Organization Structure
Basic Information
| Company Tags: | PE Backed |
| Year Founded: | 1930 |
| Formerly Named: | Interstate Bakeries Corporation |
| Fiscal Year End: | 05/31 |
| Hostess Brands Annual Revenue: Growth Rate: | View % |
| Hostess Brands Annual Revenue: Growth Rate: | 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 |
Corporate Organization
| Hostess Brands 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 |
| Hostess Brands 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 |
| Founder: | Ralph Leroy Nafziger |
* CAGR = Compound Annualized Growth Rate (3 Year Average Growth each year)
Hostess Brands Competitors / Hostess Brands Comparable Companies
Hostess Brands Competition and Similar Companies:
Hostess Brands Industry Classification
Industry Codes
| Hostess Brands PrivCo PICS™ Industry Codes: | 401101™, 401115™, 1000825™, 1200501™, 1200503™ |
| Hostess Brands NAICS Codes: | View |
| Hostess Brands SIC Codes: | View |
PrivCo Industries (Sector > Industry > Sub-Industry)
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.
Hostess Brands Recent News, Updates, and Analysis
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PrivCo's Top 10 2013 PREDICTIONS (Part 1): (1) TWITTER Will File For An I.P.O. In 4th Quarter, IPO In Q1 2014 At $15B Valuation (2) HOSTESS Split In Two & Acquired, (3) TORY BURCH Will I.P.O. At $4B Valuation, (4) One-Third of All Incubators Will Shut Down, (5) CREDIT SUISSE Will Top I.P.O. Underwriter League Tables
Jan. 2013 January 8, 2013 2:00 am EST - PrivCo provides our Top 10 Predictions for 2013 (#1-5 revealed here, look out for our newsletter tomorrow containing predictions #6-10) … Read More » -
Breaking News: HOSTESS Bankruptcy Judge Just Approves Liquidation Plan, Approves Immediate Firing of 15,000 employees; Judge Keeps Existing Management In Place, Keeps Case As a Ch. 11 Restructuring for Privately-Held HOSTESS BRANDS During "Orderly" M&A Process (PrivCo Exclusive Alert)
Nov. 2012 November 21, 2012 3:32 pm EST - PrivCo sources have just confirmed that the bankruptcy judge has just issued a ruling granting Hostess management's motion to begin liquidation of the company. The judge approved order of immediate firing of 15,000 union employees, keeping existing Hostess management in place (about 3,200 employees) as company seeks buyers in orderly M&A process. … Read More » -
ALERT: HOSTESS, Unions Agree To Last-Minute Mediation In Attempt To Avoid Liquidation, Save Some Of 18,000+ Jobs At Privately-Held HOSTESS (PrivCo Breaking News Exclusive)
Nov. 2012 November 19, 2012 3:18 pm EST - PrivCo has just learned from sources close to the matter that pastry maker Hostess Brands, Inc. (PrivCo Private Company Ticker: TWINKIEP), has agreed to last minute mediation efforts with its major unions in order to avoid immediate liquidation. Attorneys representing Hostess and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union will be in mediation Tuesday in a bid to avoid the loss of 18,000+ jobs. … Read More » -
Pastry Maker HOSTESS BRANDS Liquidating... PrivCo Reveals Extent Of Privately-Held HOSTESS' Dire Finances: 9 Straight Yrs Of Revenue Declines ($3.53B In 2003 To $2.45B In 2011), Was Down To Just $40M In Cash With $1.43B In Total Liabilities + Another $2B In Unfunded Union Pension Obligations Doomed Twinkie Maker
Nov. 2012 Hostess Brands requested U.S. Bankruptcy Court aproval Friday for liquidation. Leading to Hostess Brands' downfall are the company's financial woes, with revenue plunging from $3.06 billion in 2006 to just $2.45 billion in 2011, 9 straight yrs of decline. Also, Hostess Brands had total liabilities of over $1.43 B versus cash of just $40.4 million, plus another $2 billion in unfunded pension liabilities. … Read More »
Hostess Brands Financials And Key Performance Indicators (KPIS)
DISPLAYED IN TABLE / SPREADSHEET FORMAT
(To View Data In Graphical Formats See Below)
Copy & Paste Financials into Spreadsheets
| Hostess Brands Income Statement | Hostess Brands Financials 2013 | Hostess Brands Financials 2012 | Hostess Brands Financials 2011 | Hostess Brands Financials 2010 |
| Hostess Brands Revenues ["Sales / Turnover"] | View | View | View | View |
| Cost of Goods Sold (Cost of Sales) | View | View | View | |
| Selling, General & Administrative Expenses | View | View | View | |
| Other Operating Expenses | View | View | View | |
| Operating Income (Loss) | View | View | View | |
| Interest Expense | View | View | View | |
| Income Before Income Taxes (Loss) | View | View | View | |
| Provision for Income Taxes | View | View | View | |
| Hostess Brands Net Income (Loss) [Profits] | View | View | View |
| Hostess Brands Balance Sheet | Hostess Brands Financials 2012 | Hostess Brands Financials 2011 | Hostess Brands Financials 2010 |
| Current Assets | View | View | View |
| Cash and Cash Equivalents | View | View | View |
| Accounts Receivable | View | View | View |
| Inventory | View | View | View |
| Other Current Assets | View | View | View |
| Property, Plant and Equipment | View | View | View |
| Intangible Assets | View | View | View |
| Other Non-current assets | View | View | View |
| Total Assets | View | View | View |
| Current Liabilities | View | View | View |
| Accounts Payable | View | View | View |
| Short Term Debt | View | View | View |
| Current Portion of Long Term Debt | View | View | View |
| Long Term Debt | View | View | View |
| Other non-current liabilities | View | View | View |
| Total Liabilities | View | View | View |
| Stockholders Equity | View | View | View |
| Hostess Brands Employee Figures | Hostess Brands Employee 2012 | Hostess Brands Employee 2011 | Hostess Brands Employee 2010 | Hostess Brands Employee 2009 | Hostess Brands Employee 2008 | Hostess Brands Employee 2007 | Hostess Brands Employee 2006 | Hostess Brands Employee 2005 | Hostess Brands Employee 2004 | Hostess Brands Employee 2003 |
| Total Employees | View | View | View | View | View | View | View | View | View | View |
| Productivity (Revenue/Employee) | View | View | View |
| Hostess Brands Financials 2012 | Hostess Brands Financials 2011 | Hostess Brands Financials 2010 | |
| Pension Withdrawal Expense | View | View | View |
| (Gain) Loss on disposition of assets | View | View | View |
| Property and equipment impairment | View | View | View |
| Intangible asset impairment | View | View | View |
| Reorganization Charges, Net | View | View | View |
| Other Expenses | View | View | View |
| Assets held for Sale | View | View | View |
| Restricted Cash | View | View | View |
| DIP Facility | View | View | View |
| ABL Facility - Revolver | View | View | View |
| Notes payable | View | View | View |
| Accrued Expenses | View | View | View |
| Convertible Notes | View | View | View |
| Financial Notes: | |
| * | Hostess Brands, Inc. fiscal year end: 05/31 |
Hostess Brands Financials And Key Performance Indicators (KPIS)
DISPLAYED IN GRAPHICAL FORMAT / SPREADSHEET FORMAT
(To View Data In Table / Spreadsheet Format See Above)
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HOSTESS BRANDS Revenues ($ MM): |
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Hostess Brands Mergers & Acquisitions
| 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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Hostess Brands VC/Funding Activity
| 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 → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Missing a deal? Tell us about it! tips@privco.com
Hostess Brands Bankruptcy & Restructuring
| Type | Date Entered | Date Exited | Assets | Liabilities | |
| Details | View1 | Sep. 2004 | View | View | View |
| Details | View2 | Jan. 2012 | View | View | View |
| Details | View3 | Nov. 2012 | View | View | View |
| 1 | Declining sales and resulting liquidity...Read More → |
| 2 | Hostess will try to avoid...Read More → |
| 3 | As the result of the...Read More → |
Full-length notes are available with Single Report Access or PrivCo Premium Subscription. |
Hostess Brands Company Profile & Business Model
ADDITIONAL DETAILS ON Hostess Brands'S BUSINESS MODEL, REVENUE MODEL, AND OPERATIONS
Hostess Brands' Corporate History
Founding 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,… Continue Reading →
Hostess Brands Additional Research Resources
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