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Mon Nov 19, 2012, 12:46 PM

it appears Hostess has some buyers interested.

http://abcnews.go.com/blogs/business/2012/11/twinkies-may-find-buyer-hostess-ceo-says/

Hostess Brands, the maker of the iconic Twinkies snack cakes, may find a buyer when it heads to bankruptcy court today to liquidate the 82-year-old company, the company’s CEO says.
Con Agra and Flowers Foods are among the companies that have expressed interest in Hostess, but Mexican company El Grupo Bimbo may have an edge, the Christian Science Monitor reported Saturday. Grupo Bimbo, headed by Mexican billionaire Daniel Servitje Montull, is the largest bread-baking company in the world.

snip

Economists say part of the reason Hostess struggled was due to high sugar tariffs meant to protect local producers, the Monitor reported. Grupo Bimbo could take advantage of lower sugar prices in Mexico.


The company’s sales had dropped over the years as mothers began swapping healthier choices to the fat-filled snack cakes and white bread. It filed for bankruptcy twice – once in 2004 and again in January.

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Reply it appears Hostess has some buyers interested. (Original post)
littlewolf Nov 2012 OP
liberal N proud Nov 2012 #1
unblock Nov 2012 #2
Brother Buzz Nov 2012 #3

Response to littlewolf (Original post)

Mon Nov 19, 2012, 12:47 PM

1. And they will open many of the bakeries with the same equipment, same location with cheap labor

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Response to liberal N proud (Reply #1)

Mon Nov 19, 2012, 01:00 PM

2. not sure about that, but it seemed obvious that someone, somewhere would be able to make a profit

from these brands.

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Response to liberal N proud (Reply #1)

Mon Nov 19, 2012, 01:05 PM

3. I suspect they want the labels and distribution routes

Bimbo already has the production capacity.

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