Hostess Brands has sold Hostess Superior Cake Products to Sara Lee
Hostess Brands, Inc. has sold Hostess Superior Cake Products, Inc. to Sara Lee Frozen Bakery, LLC (Sara Lee).
Hostess Superior Cake Products is a leading producer of distinctive, indulgent sweet baked goods including iced cookies, brownies, madeleines and éclairs, which are sold in the rapidly growing in-store bakery market within grocery chains, club stores and superstores nationwide.
Sara Lee, a portfolio company of Kohlberg & Company, LLC, is a leading provider of frozen bakery and dessert products marketed under premier brands such as Sara Lee, Van’s, Chef Pierre and Bistro Collection.
Hostess Brands (NASDAQ: TWNK), with a market capitalization of over US$1.8 billion, is one of the largest packaged food companies focused on the sweet baked goods market in the USA.
One of Oaklins’ teams in the USA served as the exclusive financial advisor to Hostess Brands, Inc. in its divestiture of Hostess Superior Cake Products, Inc. to Sara Lee Frozen Bakery, LLC.
Michael Cramer
Executive VP and Chief Admin. Officer, Hostess Brands, Inc.
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