Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

surrealAmerican

(11,355 posts)
37. Some relevant history:
Fri Nov 16, 2012, 11:08 AM
Nov 2012

from wikipedia:


The company's founder, Newman E. Drake, baked his first pound cake in Brooklyn, New York, in 1888.
...
By the late 1960s, the resulting Drake Bakeries was owned by the huge Borden food company, along with Cracker Jack and Wise Potato Chips. In 1987, Borden sold the company to Ralston Purina, which owned ITT Continental Baking Company, makers of rival Hostess Cakes and Wonder Bread
...
Drake's was acquired by the Canadian company Culinar in 1991.
...
In 1998 Drake's was sold by Culinar, Inc., to Interstate Bakeries Corporation, which had previously acquired ITT/CBC and its Hostess and Wonder brands. The resultant market concentration was not overturned because other companies such as Little Debbie avoided it, having sufficiently expanded market share since the previous monopoly arbitration. In the New York City area Drake's and Hostess operations were combined, sharing the same trucks, delivery routes, and store racks.


The point you may be heading to is that, if we would enforce our anti-trust laws in this country, these sorts of problems could be largely avoided.
Mr. Rayburn is actually saying vicman Nov 2012 #1
Bluff Atman Nov 2012 #2
I do not think they are bluffing littlewolf Nov 2012 #3
from the article: Maine-ah Nov 2012 #7
no, the executives got huge raises in July PeaceNikki Nov 2012 #11
no it's not. people I know are losing their jobs today. PeaceNikki Nov 2012 #10
Yeah...I appear to be wrong. Atman Nov 2012 #49
Thanks for the LOL! blackspade Nov 2012 #65
Coordinated GOP Theater GatorLarry Nov 2012 #4
Nail meet hammer RedstDem Nov 2012 #15
Hostess isn't coming out of bankruptcy Lefty Thinker Nov 2012 #22
No, the hedge funds will sell everything off to another hedge fund Bolo Boffin Nov 2012 #27
Bingo! KurtNYC Nov 2012 #42
Carnak: The answer is, "Mitt Romney and Wonder Bread" Buzz Clik Nov 2012 #5
it is time to invest in Twinkies olddad56 Nov 2012 #68
maybe some Good will come of this - I stopped buying UpInArms Nov 2012 #6
But have you tried one deep fried??? Roland99 Nov 2012 #8
When they liquidate they will probably sell the popular brand exboyfil Nov 2012 #9
They will file bankruptcy. reorganized and come back as a non-union shop. Javaman Nov 2012 #12
If they don't just sell off all the profitable brands and walk away. Bolo Boffin Nov 2012 #13
Your words are marked and are wrong. former9thward Nov 2012 #62
Mexico is now floating a bid for hostess. Javaman Nov 2012 #72
You are mixing up things. former9thward Nov 2012 #73
The Teamsters union accepted concessions. blueclown Nov 2012 #14
Just barely, and the bakers' union got an outside evaluation of the reorganization plan. Bolo Boffin Nov 2012 #16
But if they had agreed to the concessions the owners would get the blame instead of the union. Kablooie Nov 2012 #60
your username is rather fitting RedstDem Nov 2012 #17
I'm not anti-union at all. blueclown Nov 2012 #20
are you confusing bakers with bankers? RedstDem Nov 2012 #31
We're all entitled to our opinion smccarter Nov 2012 #39
You would be right IMO if crim son Nov 2012 #47
Well said! lonestarnot Nov 2012 #29
Welcome to DU! Hugabear Nov 2012 #63
Hey, by your logic durablend Nov 2012 #18
I never said that. blueclown Nov 2012 #19
Two very different situations smccarter Nov 2012 #41
Strawman argument DesMoinesDem Nov 2012 #40
They had already taken concesions to save the company before and lost their pensions Omaha Steve Nov 2012 #48
And the company broke the contract by not paying into the pension plan ... SomeGuyInEagan Nov 2012 #71
Bwwwa ah hahahah ha ha ha. lonestarnot Nov 2012 #28
Fail. blackspade Nov 2012 #66
Is Hostess being "harvested?" KansDem Nov 2012 #21
I have no doubt the numbers were run Strelnikov_ Nov 2012 #32
"Twinkies and Ding Dongs will soon be made in China." KansDem Nov 2012 #33
Yea. From the land that produces 'stainless' steel bolts for my bikes Strelnikov_ Nov 2012 #45
What? Don't you like the taste of melamine in your food? Kablooie Nov 2012 #58
How about they close down and their competitor's buy The Second Stone Nov 2012 #23
One could say... MyTwoSense Nov 2012 #24
One could say Ayn Rand was an asshole and a bad writer of fiction jpak Nov 2012 #25
Who also died alone and unloved. SomeGuyInEagan Nov 2012 #55
And on Medicare. Hassin Bin Sober Nov 2012 #74
Post removed Post removed Nov 2012 #26
A lot of those brands were probably individual, regional, businesses at one time? hexola Nov 2012 #30
Some relevant history: surrealAmerican Nov 2012 #37
Bingo smccarter Nov 2012 #43
Yep. I would agree that these brands were at one time individual companies sybylla Nov 2012 #44
I guess twinkies won't survive the apocalypse after all. Ash_F Nov 2012 #34
Gosh - it would be awful if we had to start patronizing our local bakeries... hexola Nov 2012 #35
But...but...but...I was raised on Wonder Bread. I can't do without it. lol n/t onecent Nov 2012 #36
a point of clarity, we used to call wonder bread a cake because it is made from a batter, MrYikes Nov 2012 #46
BCTGM should have held a secret ballot vote to strike. FarCenter Nov 2012 #38
Don't worry. Other companies will step in to fill the demand for JDPriestly Nov 2012 #50
I wish someone would buy it that's interested in producing products, not simply wealth. Kablooie Nov 2012 #59
Given the trend towards relaxation of marijuana laws... maddogesq Nov 2012 #51
Zippy the Pinhead, May 22, 2007 mahatmakanejeeves Nov 2012 #52
that'll suck in waterloo, ia PatrynXX Nov 2012 #53
What does that practically mean? no_hypocrisy Nov 2012 #54
well according to PatrynXX Nov 2012 #57
When investment firms own companies this is what happens. Kablooie Nov 2012 #56
Still lots of crap in all those products, many of them very overpriced. HuckleB Nov 2012 #61
Corporate terrorism blackspade Nov 2012 #64
Sacramento too has a plant shanti Nov 2012 #67
I'll bet you that Bimbo takes their brands. El Supremo Nov 2012 #69
I'm not happy about this. Beacool Nov 2012 #70
Latest Discussions»Latest Breaking News»Twinkies Maker Will Close...»Reply #37