When Twinkies Will Be Back on Store Shelves

by Nate Wooley | March 13, 2013 11:28 am

pack twinkie 300x198 When Twinkies Will Be Back on Store Shelves[1]After last year’s collapse of snack maker Hostess, Twinkies will be available again by summertime.

The Hostess snack cakes – which were purchased along with most of the company’s other snack cakes for $410 million by private equities firms Metropoulos & Co and Apollo Capital Management – have been off shelves since the firm filed for bankruptcy in 2012, reports CNN[2].

The snack cakes had been set for auction Thursday but the company notified the court that there was only one bidder. The two firms are the winners by default for the products. Most of Hostess bread business was purchased in late February for $380 million.

The buyers will also receive five closed bakeries with the purchase. However, it is unknown whether any of the 18,500 employees will be hired back.

In a statement, Dean Metropoulos said, “We look forward to having America’s favorite snacks back on the shelf by this summer. We are also ecstatic to bring jobs back to many cities across the country.”

More stories about Hostess:

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/11/pack-twinkie.jpg
  2. reports CNN: http://money.cnn.com/2013/03/12/news/companies/twinkies-buyer/index.html
  3. The New Owner of Hostess’ Wonder Bread Will Be…: http://investorplace.com/2013/02/the-new-owner-of-hostess-wonder-bread-will-be/
  4. Hostess Plans $1.8M Sweet Deal for Execs: http://investorplace.com/2012/11/hostess-plans-1-8m-in-sweet-deal-for-execs/
  5. That’s All, Folks! Last Batch of Twinkies Goes to Chicagoans: http://investorplace.com/2012/12/thats-all-folks-last-batch-of-twinkies-goes-to-chicagoans/

Source URL: http://investorplace.com/2013/03/when-twinkies-will-be-back-on-store-shelves/
Short URL: http://invstplc.com/1fsuUZd