Apollo Global Management, LLC and Metropoulos & Co. submit a $410 million offer for the majority of the assets of the company's snack cake business, which includes both Hostess and Dolly Madison branded products, including the iconic Twinkies brand.
Dole received unconditional approval from the Chinese Ministry of Commerce to implement the sale of its worldwide packaged foods and Asia fresh produce business to ITOCHU. Two lines of fresh produce business will remain with the new Dole following the the transaction: fresh fruit and fresh vegetables.
With 36,000 employees and sales of approximately $18 billion annually, the combined company is one of the largest packaged food companies in North America.
This international expansion strategy places a greater demand on the information technology team within Brown-Forman by requiring its SAP systems to comply with the constantly changing financial legislation around the world.
The distribution center projects, construction of new stores, and expansion, remodelling or relocation of existing stores represents an investment of more than $450 million in the Canadian economy.
Flowers agrees to purchase the Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands; 20 bakeries and approximately 38 depots for $360 million.
