Interstate Bakeries Corporation
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| Private | |
| Industry | Food (bakery) |
| Fate | Bankruptcy |
| Successor | Hostess Brands |
| Founded | 1930 |
| Defunct | November 21, 2012 |
| Headquarters | Irving, Texas, United States |
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Key people
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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) |
| $144 million (2008) | |
| Total equity | $462 million (2008) |
| Website | hostesscakes |
Old HB, 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. 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 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. Hostess Brands sought bankruptcy protection again in January 2012.
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 and a judge agreed to sell the Hostess brands. The Hostess and Dolly Madison brands are now produced by Kansas City, Missouri-based Hostess Brands.
The company has its roots in Nafziger Bakeries, founded by Ralph Leroy Nafziger in a church basement at 6th and Prospect Avenue in Kansas City in 1905. Nafziger expanded the bakeries and bought out competitors. In 1925 he sold Nafziger to Purity Bakeries (which became American Bakeries) and acquired a controlling interest in Schulze Baking Company and its Butternut Bread brand.
In 1930 Nafziger announced the formation of the Interstate Bakeries Corporation (IBC) with the merger of Schulze Bakery and the seven bakers of Western Bakeries of Los Angeles to become the fifth largest baker in the United States. The company sold Butternut bread, wrapped in gingham, to grocery stores.
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Wikipedia