Baking&Snack - December 2016 - 16

ASB names four to Baking Hall of Fame
The American Society of Baking (ASB) will induct four industry leaders into the Baking Hall of Fame on Feb. 27,
2017, with special ceremonies during ASB's BakingTech
to be held in Chicago.
They and their affiliated organizations are:
Albert L. (Bud) Cason, Bud's Best Cookies,
Birmingham, AL; Murray and Marvin Lender,
Lender's Bagel Bakery, New Haven, CT, and
Joseph (Joe) Schwebel, Schwebel Baking Co., Youngstown, OH.
"This year, as in previous ones, the selection committee gathered
an impressive list of nominees," said John Del Campo, chair of the
ASB Baking Hall of Fame Evaluation Committee and general manager of Repco - Bakery Division, Salina, KS. "All were extraordinary
candidates. It's rewarding to know that so many outstanding indi-

viduals have served or continue to be active in our industry.
"The lives and careers of these individuals provide
wonderful examples of excellence and leadership," Mr.
Del Campo continued. "They represent the best qualities of compassion, forward thinking and personal judgment. The committee feels honored
to have looked at their accomplishments. They
inspire our future by their experience."
Since its launch in 2006, the Baking Hall of Fame will have enshrined 76 individuals, including the 2017 class. They come from
all walks of life in the baking industry - from bakeries, allied
equipment and ingredient suppliers, schools, service organizations, and publishers.
Their accomplishments can be read at www.asbe.org.

Bimbo Bakeries USA to close bakeries in TX, PA
Bimbo Bakeries USA (BBU), Horsham, PA,
plans to cease production at two US baking
plants, shifting production to other company
facilities.
The company's baking plant in Lubbock,
TX, is expected to close by early January. The
company said it will shift production to its
Rockwall, TX, plant.
The Lubbock bakery produces bread and buns and employs 75
associates. BBU acquired the Lubbock baking plant as part of its
acquisition of Mrs Baird's Bakeries in 1998.
"Making the decision to close a facility is never an easy one," said
Wayne Sager, vice-president of region operations for BBU. "After
careful analysis and consideration, we determined it is most efficient to redistribute production to other bakeries in our system to
better meet market demand."

BBU also will cease production at its baking
plant in Sunbury, PA, by the end of January.
The company will shift production to its bakeries throughout Pennsylvania.
The Sunbury bakery produces bread and
buns and has 67 employees. The facility
was acquired by BBU as part of its acquisition of Sara Lee's North American Fresh
Bakery business in 2011.
"We truly value and respect our dedicated associates at the
Sunbury bakery and will assist them throughout the transition,"
said Bill Bos, vice-president of region operations at BBU.
Earlier this year, BBU halted operations at its baking plant in
Hastings, NE. The company shifted production to its Bellevue, NE;
South Sioux City, NE; Sioux Falls, NE; and Topeka, KS, bakeries.
- Eric Schroeder, Milling and Baking News

Hostess goes public under new owners
Gores Holdings, Inc., Los Angeles, a special-purpose acquisition company (SPAC) sponsored by an affiliate of The Gores
Group, LLC, has completed the acquisition of Kansas City, MObased Hostess Brands, LLC. In a filing with the Securities and
Exchange Commission, Gores Holdings said the transaction was
unanimously approved by the boards of directors of both Gores
Holdings and Hostess Brands and was approved at a special meeting of Gores Holdings' shareholders.
In connection with the transaction, Gores Holdings has been
renamed Hostess Brands, Inc., and its common stock will trade on
Nasdaq under the symbol "TWNK."
The transaction was first announced in early July, when the
owners of Hostess, funds managed by affiliates of Apollo Global
Management, LLC and C. Dean Metropoulos and family, including sons Daren Metropoulos and Evan Metropoulos, said they

16 Baking & Snack December 2016 / www.bakingandsnack.com

would receive approximately $522 million in cash for a majority
stake in the company.
The Metropoulos and Apollo groups will retain a 42% stake in
Hostess, and Dean Metropoulos and William Toler will continue
to lead Hostess as executive chairman and CEO, respectively.
- Eric Schroeder, Milling & Baking News

http://www.asbe.org http://www.bakingandsnack.com

Baking&Snack - December 2016

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