 | |
| Company type | Private |
|---|---|
| Industry | Food (bakery) |
| Founded | 1930 |
| Defunct | November 21, 2012 |
| Fate | Chapter 7 bankruptcy |
| Successor | Hostess Brands |
| Headquarters | Irving, Texas, United States |
Key people | Gregory F. Rayburn, CEO |
| Products | Brands such as Wonder Bread (US only), Hostess, Nature's Pride, Merita Breads, Home Pride, and Dolly Madison |
| Revenue | $2.8 billion (2008)[1] |
| $144 million (2008) | |
| Total equity | $462 million (2008) |
Old HB, Inc.,[2] known as Hostess Brands from 2009 to 2013 and established in 1930 as Interstate Bakeries Corporation, was a wholesale baker and distributor of bakery products in the United States.[3] Before its 2012 closure and liquidation, it owned the Hostess, Wonder Bread, Nature's Pride, Dolly Madison, Butternut Breads, and Drake's brands.
For many years the company was called Interstate Bakeries and based at 12 East Armour Boulevard, Kansas City, Missouri. In 2009, after it emerged from a 2004 bankruptcy, its name was changed to Hostess Brands and its headquarters moved to Irving, Texas.[4] Hostess Brands sought bankruptcy protection again in January 2012.[5]
On November 16, 2012, the company filed a motion in United States Bankruptcy Court for the Southern District of New York in White Plains to close its business and sell its assets. On November 21, the motion was accepted[6] and a judge agreed to sell the Hostess brands.[7][8] The Hostess and Dolly Madison brands are now produced by Hostess Brands, which was acquired by The J.M. Smucker Company in 2023.[9]
- ^ "Stock market quotes, news, currency conversions & more". Google Finance. Retrieved January 11, 2012.[dead link]
- ^ "Old HB, Inc. (f/k/a Hostess Brands, Inc.) Case Number: 12-22052". KCCLLC.net. Archived from the original on November 6, 2018. Retrieved October 17, 2016.
- ^ "Hostess Brands is Closed". Hostess Brands. November 16, 2012. Archived from the original on November 16, 2012.
- ^ "IBC moving headquarters to Dallas" Kansas City Star — February 17, 2009
- ^ Palank, Jacqueline (January 12, 2012). "Twinkies Maker Hostess Files for Chapter 11 Protection". The Wall Street Journal. Retrieved January 11, 2012.
- ^ Isidore, Chris; O'Toole, James (November 21, 2012). "Hostess closing OK'd by judge". CNN Money. Retrieved November 21, 2012.
- ^ "Hostess Wins Approval for $800 Million in Cake, Bread Sales". Fox Business. March 19, 2013. Retrieved March 19, 2013.
- ^ McCarty, Dawn (March 19, 2013). "Hostess Judge Approves Asset Sales of Over $800 Million". Business Week. Archived from the original on April 10, 2013. Retrieved March 19, 2013.
- ^ Sen, Anirban; Roumeliotis, Greg; Rajesh, Ananya Mariam; Sen, Anirban; Rajesh, Ananya Mariam (September 11, 2023). "J.M. Smucker to buy Twinkies maker Hostess Brands in $5.6 billion deal". Reuters. Retrieved September 13, 2023.