November 16, 201213 yr Hostess, the maker of Twinkies and Wonder Bread, is going out of business IRVING, Texas (AP) - Hostess, the maker of Twinkies and Wonder Bread, is going out of business, closing plants, laying off its 18,500 workers and putting its brands up for sale. The Irving, Texas, company said a nationwide worker strike crippled its ability to make and deliver its products. Its brands also include Ding Dongs, Ho Ho's and Dolly Madison. Hostess had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn't return to normal levels by Thursday evening. The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade. "Many people have worked incredibly long and hard to keep this from happening, but now Hostess Brands has no other alternative than to begin the process of winding down and preparing for the sale of our iconic brands," CEO Gregory F. Rayburn said in a letter to employees posted on the company website. He added that all employees will eventually lose their jobs, "some sooner than others." Thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union went on strike last week after rejecting in September a contract offer that cut wages and benefits. Hostess had already reached a contract agreement with its largest union, the International Brotherhood of Teamsters. Hostess has said that production at about a dozen of the company's 33 plants has been seriously affected by the strike. Three plants were closed earlier this week. The company, founded in 1930, was fighting battles beyond labor costs. Competition is increasing in the snack space and Americans are increasingly conscious about healthy eating. Hostess also makes Dolly Madison, Drake's and Nature's Pride snacks. http://www.wxyz.com/dpp/news/hostess-the-maker-of-twinkies-and-wonder-bread-is-going-out-of-business#ixzz2CPo6S400
November 17, 201213 yr Author whaaaat, Twinkies of Die Hard fame?:nod: and Zombieland Apparently they are already disappearing off store shelves and people are selling them on ebay http://www.ebay.com/itm/TRUCKLOAD-OF-TWINKIES-1100-BOXES-OF-10-11-000-TWINKIES-LAST-PAYLOAD-LEFTON-EARTH-/271104996815?pt=LH_DefaultDomain_0&hash=item3f1f1df5cf Really though, type twinkies in ebay and sort by highest price, it's hilarious.
November 17, 201213 yr there's a store that sells them here, maybe it's a good time to finally try one
November 18, 201213 yr Author Yesterday while I was out, I checked the grocery store and they were all wiped out of Hostess goods (with the exception of the holiday fruitcake, nobody likes that brick that barely qualifies as food). Today while I was out getting milk at a different grocery store, I checked there also... entire Hostess section is wiped out there too. I'm guessing the only place to possibly find these items now are vending machines. I'll check the machine at work tomorrow...
November 18, 201213 yr Author Apparently they are already disappearing off store shelves and people are selling them on ebay http://www.ebay.com/itm/TRUCKLOAD-OF-TWINKIES-1100-BOXES-OF-10-11-000-TWINKIES-LAST-PAYLOAD-LEFTON-EARTH-/271104996815?pt=LH_DefaultDomain_0&hash=item3f1f1df5cfomg somebody actually placed a bid on it :wreck:
November 19, 201213 yr No more fried twinkies at the Texas State fair. :( Bimbo rumored to buy them out. Please we need Ding Dongs, Ho Hos and Sno Balls.
November 20, 201213 yr Author How do they taste like? I don't think I've ever saw one in Germany.It's been awhile since I've had one, but I suppose they're like sponge cake / angel's food cake... but a bit oily. :\ There is a fluffy creme filling.
November 20, 201213 yr It's been awhile since I've had one, but I suppose they're like sponge cake / angel's food cake... but a bit oily. :\ There is a fluffy creme filling. Eeeew URGH! Okay good that I never tried one!
November 21, 201213 yr My sister told me a joke this morning: Why did Selena Gomez and Justin Bieber break-up? He wanted the last Twinkie and wouldn't share with her i slapped her
November 21, 201213 yr But they didn't break up if those two can't make it then who can?! :veryangry:
November 26, 201213 yr Because of Zombieland I have wanted to try theese for a while. But they doesn't really look that good. :blank:
January 29, 201313 yr Author Hostess set to announce bidder for Twinkies NEW YORK (AP) - The indestructible Twinkie appears to be one step closer to a comeback. Hostess Brands is close to announcing that it has picked two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management — as the lead bidders for its Twinkies and other snack cakes, according to a source close to the situation who was not authorized to comment publicly on the talks. The joint "stalking horse" bid would set the floor for an auction process that lets competitors make better offers. A judge would have to approve any final sale. After years of management turmoil and turnover, Hostess declared it was going out of business and selling its brands in November. The company, based in Irving, Texas, has already announced separate lead bidders for its other brands. McKee Foods, which makes Little Debbie snack cakes, was picked as the lead bidder for Drake's cakes, which include Devil Dogs, Funny Bones and Yodels. Flowers Foods, which makes Tastykakes and a variety of breads, was picked as the lead bidder for six of Hostess' major bread brands, including Wonder. United States Bakery Inc. was picked as the lead bidder for a number of smaller bread brands. Citing sources close to the situation it did not name, the Wall Street Journal reported Tuesday that the offer for Twinkies and other snack cakes by C. Dean Metropoulos and Apollo would be for more than $400 million. The report said that the deal could be disclosed as early as Tuesday. C. Dean Metropoulos owns Pabst Brewing Co. A representative for Apollo declined to comment. A representative for C. Dean Metropoulos did not return calls for comment. Hostess has stressed in bankruptcy proceedings that it needs to move quickly in the sale of its brands to capitalize on the outpouring of nostalgia and media coverage prompted by its demise. The longer the cakes and breads are off shelves, the more people will become accustomed to eating cakes and breads by rivals, the company has said. link
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