Dean Metropoulos
Dean Metropoulos
Dean Metropoulos | |
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Born | Charles Dean Metropoulos May 1946 (age 73)[1] Tripoli, Greece |
Residence | Palm Beach, Florida, US |
Nationality | Greek American[2] |
Alma mater | Babson College |
Occupation | Chairman and CEO, C. Dean Metropoulos and Company |
Known for | Hostess Brands and Pabst Brewing Company |
Net worth | US$2.5 billion (September 2019)[3] |
Children | Daren Metropoulos (son), Evan Metropoulos (son) |
Dean Metropoulos | |
---|---|
Born | Charles Dean Metropoulos May 1946 (age 73)[1] Tripoli, Greece |
Residence | Palm Beach, Florida, US |
Nationality | Greek American[2] |
Alma mater | Babson College |
Occupation | Chairman and CEO, C. Dean Metropoulos and Company |
Known for | Hostess Brands and Pabst Brewing Company |
Net worth | US$2.5 billion (September 2019)[3] |
Children | Daren Metropoulos (son), Evan Metropoulos (son) |
Early life
Career
Some of the buy-build private equity transactions of Metropoulos have included Pinnacle Foods, Ghirardelli Chocolate Company, International Home Foods, Pabst Brewing Company, The Morningstar Group, Inc. (sold to Suiza Foods[10] which has become Dean Foods), Solar Marine ("a private, European based, international dry cargo shipping company"[11]), and Mumm's/Perrier-Jouët champagnes.[12]
Metropoulos is the executive chairman and chief executive officer of C. Dean Metropoulos & Company. The company was founded in 1993 and is based in Greenwich, Connecticut.[13] As of 2011, C. Dean Metropoulos & Co. has been involved in over 72 acquisitions with over $12 billion in invested capital.[12] The company jointly owns Hostess Brands along with Apollo Global Management.
In September 2014 American entrepreneur Eugene Kashper, backed by TSG Consumer Partners, announced an agreement to acquire Pabst Brewing from C. Dean Metropoulos & Co for $700 million.[14][15] The sale represented a gain of $550 million more than what the company paid for it in 2010. Bumble Bee Tuna is another brand owned by a company "bought and flipped" by the firm.[16]
On July 7, 2015 there were rumors of a Hostess Brands IPO. Metropoulos has stated that there is no plan for an IPO.[17] In July 2016, a Hostess IPO was announced.