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Tue Jan 29, 2013, 06:18 PM

Hostess getting closer to a buyer for Twinkies

Hostess Brands is close to picking a preferred buyer for its iconic Twinkies brand, a move that would be a key step in the eventual return of the snack cake to grocery shelves.

A source familiar with negotiations says that two private-equity firms, Apollo Global Management (APO) and C. Dean Metropoulos & Co., are the likely winners of this round of negotiations to buy Twinkies.

It's likely," said the source. "It's moving very fast."

A spokesman for Apollo said he had no comment on the report. Metropoulos could not be reached for comment. The firm's food holdings include Pabst Blue Ribbon beer, and in the past have included Chef
Boyardee canned pasta, Bumble Bee seafood, PAM cooking spray and Gulden's Mustard, all of which it eventually sold to ConAgra Foods Inc (CAG, Fortune 500).

http://money.cnn.com/2013/01/29/news/companies/twinkies-buyer/index.html?section=money_latest

14 replies, 753 views

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Replies to this discussion thread
Arrow 14 replies Author Time Post
Reply Hostess getting closer to a buyer for Twinkies (Original post)
Sherman A1 Jan 2013 OP
NightWatcher Jan 2013 #1
Earth_First Jan 2013 #11
NightWatcher Jan 2013 #12
kestrel91316 Jan 2013 #2
Sherman A1 Jan 2013 #3
Recursion Jan 2013 #4
Sherman A1 Jan 2013 #5
PrezHillary2016 Jan 2013 #14
redqueen Jan 2013 #6
Sherman A1 Jan 2013 #7
HiPointDem Jan 2013 #8
Sherman A1 Jan 2013 #9
DireStrike Jan 2013 #10
Sherman A1 Jan 2013 #13

Response to Sherman A1 (Original post)

Tue Jan 29, 2013, 06:20 PM

1. Sorry, I clicked thinking it was a Chris Christie thread

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Response to NightWatcher (Reply #1)

Tue Jan 29, 2013, 07:07 PM

11. Ill never understand why there are individuals who make these reaponses...

These are the same types of teases and bully words that grade school kids use to bully their peers.

Why would an adult feel the need to use these types of insults?

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Response to Earth_First (Reply #11)

Tue Jan 29, 2013, 07:25 PM

12. Sorry just being silly. Side note, on a bet I ate a box of Twinkees

in highschool. It was prob the last time I ate 1

Btw, love tha screen name.

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Response to Sherman A1 (Original post)

Tue Jan 29, 2013, 06:36 PM

2. I hope they can find a buyer. I know, I know, they are bad for you (in excess), and are only made

from foodlike substances and not actual FOOD. But they are such an iconic American treat.

I bought a package of them last year when I first heard they might be going away - my first Twinkies in over 20 years. And I REALLY enjoyed them. They are comfort food from my childhood, like Ding Dongs, and Snoballs, and those yummy chocolate cupcakes.

So shoot me. I won't apologize.

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Response to kestrel91316 (Reply #2)

Tue Jan 29, 2013, 06:40 PM

3. Indeed

There are a whole lot of jobs in the mix on this. I hope they can get things going soon.

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Response to Sherman A1 (Original post)

Tue Jan 29, 2013, 06:45 PM

4. When did Grupo Bimbo leave the running?

I liked them for it.

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Response to Recursion (Reply #4)

Tue Jan 29, 2013, 06:52 PM

5. Not sure

but it appears that they did so.

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Response to Recursion (Reply #4)

Wed Jan 30, 2013, 04:46 AM

14. They were the most well suited

 

If they don't get it I'm dissapointed.

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Response to Sherman A1 (Original post)

Tue Jan 29, 2013, 06:58 PM

6. What about Ding Dongs?

Please please please let them bring back Ding Dongs too.

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Response to redqueen (Reply #6)

Tue Jan 29, 2013, 07:00 PM

7. I am sure they are part of the deal

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Response to Sherman A1 (Original post)

Tue Jan 29, 2013, 07:02 PM

8. i couldn't care less about the twinkies; more interested in what happens to the old workers & their

 

pensions.

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Response to HiPointDem (Reply #8)

Tue Jan 29, 2013, 07:05 PM

9. Agreed

But, this is at least a start to bring back those brands. It will mean jobs, just as the Flowers Bakery buying of the bread lines from Wonder/Hostess. The jobs may not pay what they did, nor may the folks who worked there get their jobs back, but at least with the buyouts there are possibilities and I know for certain that these items will not bake themselves nor get onto store shelves without some sort of labor involved.

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Response to Sherman A1 (Original post)

Tue Jan 29, 2013, 07:06 PM

10. I'm more concerned about Home Pride.

It's just "normal" bread to me, and nobody else makes it the same way.

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Response to DireStrike (Reply #10)

Wed Jan 30, 2013, 04:34 AM

13. I believe that

it was part of the deal with Flowers Bakery. I am pretty sure most of the bread lines and some 20 bakeries were purchased by Flowers.

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