For when you absolutely, positively just have to have a bimbo ... and nothing else will do ...
Posted on 12/14/2012 11:50:28 AM PST by 2ndDivisionVet
Who's looking to snatch up Hostess Brands following the company's plans to liquidate? According to Bloomberg, Walmart and Kroger are among the two dozen bidders interested in the maker of Twinkies, Ho Hos and Wonder Bread.
Citing a person familiar with the matter, Bloomberg reports the two companies, along with Grupo Bimbo and Alpha Baking, have placed bids on Hostess' assets.
The source says some of the bids are for all of the assets, while others are just for the cakes or breads businesses. Some bidders, meanwhile, are only seeking to acquire Hostess' plants.
Should the liquidation sale go through, it could generate $1 billion for Hostess' creditors.
The company decided to move forward with its liquidation plans last month after it failed to reach a new labor agreement with its bakery workers.
The bakers union went on strike on Nov. 9, when the company imposed a contract that would cut workers' wages by 8 percent. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) said the contract would also cut benefits by 27 to 32 percent.
Days later, Hostess announced it would be liquidating the entire company because not enough striking employees had returned to work by a deadline the company had set.
"We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike," Hostess CEO Gregory Rayburn said in a statement...
(Excerpt) Read more at wlsam.com ...
Interesting. Kroger is a unionized company and Walmart is very anti-union.
“Interesting. Kroger is a unionized company and Walmart is very anti-union.”
Problem is Walmart will make their products in China. Twinkies last forever so they will easily make the trip overseas.
All all Kroger stores Union? For some reason I thought some were non-Union.
According to the UFCW Kroger has 338,000 employees of which about 208,000 were UFCW members. These numbers are from 2010 so they may vary.
You may have heard that Hostess Bakery plants shut down due to a workers’ strike. But you may not have heard how It was split up. The State Department hired all the Twinkies, the Secret Service hired all the HoHos, the generals are sleeping with the Cupcakes and the voters sent all the Ding Dongs to Congress.
Walmart suddenly has an interest in owning once-famous brands. White Cloud toilet paper is now a captive Walmart brand.
Interesting. Kroger is a unionized company and Walmart is very anti-union.
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Whoever wins will produce the cakes in Mexico , Grupo Bimbo does ... and it’s for one very simple reason ,, we tax the living sh*t out of sugar here ... it’s far cheaper to bake in Mexico and ship it here.
That is not entirely correct. Grupo Bimbo has a bakery in Elkhart, IN. I imagine they have bakeries all over this country. In Elkhart they make Thomas English muffins.
BTW, I thought you were killed in Vietnam by your own troops?
I guess it’s not still true but years ago, Kroger was the “union” grocery and Foodland (owned by the same parent company) was the “non-union” grocery.
Well somebody better do something! These “Tastykakes” are awful, and don’t get me started on Dolly Madison.
I want them to bring back the vanilla pudding pie too.
Thank you! It's not enough to say that we tax sugar here. We have a tariff on sugar and the amount we are allowed to import is limited.
I welcome all the protectionists on FR to explain to me what benefits have accrued to us as a nation from this policy.
Very good.
Yeah, kinda cute I thought.
Grupo Bimbo has a bakery in Elkhart, IN. I imagine they have bakeries all over this country. In Elkhart they make Thomas English muffins.
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I don’t believe English Muffins contain much sugar... I buy Bimbo’s premium “Little Bites” muffins sold under the Entenmanns name , they are made in Mexico by “Orograin Bakery Products, Inc.” as are many other sweet products that are packaged and have a fairly long shelf life , “normal” breads would be baked locally or regionally.
I welcome all the protectionists on FR to explain to me what benefits have accrued to us as a nation from this policy.
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You know the answer , it gives politicians more power... It used to buy some campaign donations from the sugar plantations in Miami until the EPA shut them down ,, The corn farmers don’t really care anymore about the sugar tariff .. it used to make them wealthy by keeping the HFCS prices up ,, now with another gov’t program aimed at buying corn farmer votes in place (ethanol) it does absolutely nothing but harm about 350 million of us.
What you said makes sense to me. BTW I read somewhere else, I don’t remember where, that because Grupo Bimbo is a Mexican owned company they can use their own sugar in this country, avoiding the high cost of sugar here. If this is true I do not know.
For when you absolutely, positively just have to have a bimbo ... and nothing else will do ...
I'm close to someone who works with unionized tobacco workers and others who raise tobacco.
The Union workers have a high percentage of lazy, milking the benefits to the bone slugs who would quit after the first day if they had to do tobacco farm work.
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