KANSAS CITY — Hostess Brands is in talks to acquire Give and Go Prepared Foods Corp., an Etobicoke, Ont.-based maker of thaw-and-serve baked goods, according to media reports. In September, Reuters reported that Give and Go’s owner, OMERS Private Equity, was exploring a sale or initial public offering.
Founded in 1989, Give and Go Prepared Foods Corp. is a wholesale bakery. Its products include Two-Bite Brownies, Cinnamon Crunchies, Butter Tarts and Two-Bite Coffee Cakes. The company markets its products throughout Canada, the United States, Mexico, Europe, Australia and Japan.
According to Reuters, the sale could bring as much as $800 million to OMERS, which acquired Give and Go from private equity firm Kilmer Capital Partners in 2007.Hostess has not commented on the media reports.