A big move by the maker of Twinkies

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A Big Move by the Maker of Twinkies

Byline: Amanda Kabbabe/Josh King

The owners of Hostess have made a big change to the company. Unfortunately, it does not involve a new tasty snack.

Hostess owners have agreed to sell a majority stake in the company to a publicly traded affiliate of the Gores Group for approximately 725 million dollars.

Since the company's exit from bankruptcy three years ago, Hostess has been under the ownership of Apollo Global Management and Metropoulos & Company.

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Gores is taking the reins nearly four years after Hostess' former parent company initially filed for Bankruptcy Court Protection, which led to rising fears that the beloved Twinkie would be gone forever.

Those who love those little sponge cakes can rest easy, because Twinkies aren't going anywhere.

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The company was sold to Apollo and Metropoulos in the spring of 2013 for 410 million dollars. Under this new ownership, Hostess saw roughly 650 million in sales in the last 12 months.

Alec Gores, chairman and chief executive of Gores Group, said, "Hostess presents a unique opportunity to invest in an iconic brand with strong fundamentals that is poised for continued growth."

Being acquired by Gores will give Hostess a listing on the Nasdaq stock market, which will allow them the ability to raise additional capital from stock markets.

Other elements of the Hostess business and current leadership are not expected to change.

Fortunately for your appetite, neither are their recipes.

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RELATED: The most expensive desserts in the world:

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What: Krispy Kreme Luxe Doughnut

Where: Krispy Kreme, Selfridge's (Oxford Street location, London, United Kingdom)

How much: $1,450

Special features: Edible diamonds and 24-carat gold leaves, gold-dusted chocolate flower, served on top of a cocktail that features 500-year-old Courvoisier de L’Esprit Cognac and 2002 Dom Pérignon.

Photo credit: Facebook

What: Fortress Stilt Fisherman Indulgence Dessert

Where: The Fortress Resort & Spa (Koggala, Sri Lanka)

How much: $14,500

Special features: Made with a gold leaf Italian cassata and Irish cream served over Dom Perignon alongside a hand-carved chocolate statue of a fisherman and an 80-karat aquamarine stone

Photo credit: Instagram 

What: Chocolate Pudding

Where: Lindeth Howe Country House Hotel (Windermere, United Kingdom)

How much: $35,000

Special features: Infused with champagne jelly, covered in edible gold leaf, handcrafted edible flowers, caviar and a 2-karat white diamond

Photo credit: Facebook

What: Golden Opulence Sundae

Where: Serendipity 3 (New York, NY)

How much: $1,000

Special features: Wrapped in edible gold leaf and the extremely rare Venezuelan Chuao chocolate, served in a Baccarat Harcourt crystal goblet

Photo credit: Getty

What: Three Twins Ice Cream "World's Most Expensive Ice Cream Sundae"

Where: Three Twins Ice Cream (San Francisco, CA)

How much: $3,333.33

Special features: Covered in syrups made from a vintage port, a Chateau D’Yquem and a German Trockenbeerenauslese, served with a 19th Century collectors spoon.

Photo credit: Facebook

What: Strawberries Arnaud

Where: Arnaud's Restaurant (New Orleans, LA)

How much: $3,900,000

Special features: Strawberries marinated in vintage port, served with a 7.09-karat pink diamond

Photo credit: Facebook

What: Platinum Cake

Where: Custom made by pastry chef Nobue Ikara (Japan)

How much: $130,000

Special features: Frosted white cake draped in platinum necklaces, pendants, chains and edible platinum flakes

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What: Frrrozen Haute Chocolate

Where: Serendipity 3 (New York, NY)

How much: $25,000

Claim to fame: Infused with five grams of 24-karat gold, topped with a La Madeline au Truffle that's flowin in from France, served with an 18-karat gold bracelet bedazzled with 1-carat of white diamonds and a golden spoon

Photo credit: Getty

What: Golden Phoenix Cupcake

Where: Bloomsburys Cupcakes (Dubai)

How much: $1,000

Special features: Served on a Villari 24-carat gold empire cake stand, covered in 23-carat edible gold sheets and edible gold dust

Photo credit: Instagram

What: Golden Cannoli

Where: Jasper's Restaurant (Kansas City, MO)

How much: $26,000

Special features: Edible gold leaf shell, served with a diamond necklace

Photo credit: Facebook

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