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American company (1849–1995) From Wikipedia, the free encyclopedia
The Continental Baking Company was one of the first bakeries to introduce fortified bread. It was the maker of the Twinkie and Wonder Bread. Through a series of acquisitions and mergers it became part of the former Hostess Brands company.[1][2]
| Company type | Private |
|---|---|
| Industry | Food (Bakery) |
| Founded | 1849 (as Ward Baking Company) |
| Defunct | 1995 |
| Successor | Interstate Bakeries Corporation, Hostess Brands |
| Headquarters | New York City, New York, U.S. |
Key people | Robert Boyd Ward |
| Products | Brands including: Wonder Bread, Twinkies |
In 1849, James Ward and his son, Hugh Ward, who came from Belfast, Ireland, opened a small bakery on Broome Street in New York City. In 1884, Hugh Ward and his son Robert Boyd Ward moved to Allegheny city (now, Pittsburgh) and opened a new bakery there.[3]
The Ward Bread Company was organized by Robert B. Ward in New York, Brooklyn and Newark in 1900. Around 1910, The Ward's Bakeries built two big factories in Bronx, NY (143rd St. and Southern Boulevard) and Brooklyn, NY (Ward Baking Company Building at Vanderbilt Ave and Pacific Street),[4] which "marks a triumphant return to New York". By November 1911, the company starts to sell their famous "Ward's Tip-top Bread" for 5 & 10 cents loaves.[5]
In 1921, grandson William Ward took over the company and in 1925 renamed it the Continental Baking Company.[6]
Continental Baking acquired the Wagner Baking Company in Detroit, Michigan[7] and other 3 companies at the end of 1924.[8] In 1925 it bought Taggart Baking Company, the maker of Wonder Bread, and became the largest commercial bakery in the United States.[9][10] Twinkie snack cakes were invented in 1930 in Schiller Park, Illinois, by James Alexander Dewar, a baker at Continental Baking Company.
Continental was based in New York from 1923 to 1984.[11] It also had its executive offices in Hoboken, New Jersey.[12] M. Lee Marshall, descendant of John Marshall, was President,[13] later, Chairman, from 1934-1944,[14][15][16][17][18][19][20] and director of distribution in the War Food Administration in 1944.[21][22][23][24]
Continental was purchased by ITT in 1968, then sold to Ralston Purina in 1984.[25] It was purchased by Interstate Bakeries Corporation in 1995. The combined company was rebranded Hostess Brands in 2009.[26]
Hostess Brands (the former Interstate Bakeries Corporation) closed in 2012. During the liquidation process, it again changed its name, to Old HB. An entirely new and separate entity, New HB Acquisition LLC, was established in 2013, 50% owned by HB Holdings, LLC, a venture set up by Apollo Global Management and C. Dean Metropoulos and Company.[27] New HB Acquisition acquired the brand names and some plants and other assets from Old HB, then renamed itself as Hostess Brands.[citation needed]
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