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Twinkies due on shelves as $410 million bid OK'd
http://money.cnn.com ^ | 03-12-2013 | Staff

Posted on 03/12/2013 12:50:29 PM PDT by Red Badger

The winning bid is a joint venture by private equity firms Apollo Global Management (APO) and Metropoulos & Co. A statement from Dean Metropoulos, founder of one of the firms, confirmed they are the winning bidder.

"Our family is thrilled to have the opportunity to reestablish these iconic brands with new creative marketing ideas and renewed sales efforts and investment," said Metropoulos. "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."

The bankruptcy court had been set to have an auction among qualified bidders on Thursday, but Hostess notified the court late Monday that no other qualified bids had been submitted. That means the $410 million bid wins by default with no further approval of the court being required.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: bakery; devildogs; drakes; hostess; suzyqs; twinkies; wonderbread Comment #1 Removed by Moderator

To: Red Badger

My fellow Americans, our long national nightmare is over.


2 posted on 03/12/2013 12:51:16 PM PDT by dfwgator
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To: dfwgator

However, Bloomberg will want to ban them.........


3 posted on 03/12/2013 12:52:39 PM PDT by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

Union thugs lining up for their share of the twinkie?


4 posted on 03/12/2013 12:53:09 PM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: COBOL2Java
But while Hostess is out of business, and most of its 18,500 employees have lost their jobs, the company has been auctioning off its various brands as part of the liquidation process.

They may be out of luck........

5 posted on 03/12/2013 12:56:11 PM PDT by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Red Badger

No matter, their union will hire homeless guys at minimum wage, no benes to picket every store that stocks these scab Twinkies.


6 posted on 03/12/2013 12:59:33 PM PDT by Buckeye McFrog
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To: COBOL2Java

With any luck, hard working NON-union folks will get first crack at the jobs. No point in restarting if the union get to have their say. Of course if the doj has to approve the sail that may be one of the caveats. Union pukes get first dibs on the jobs. DIIIISSSSSSgusting. (Not the Yellow Zingers of course!)


7 posted on 03/12/2013 1:13:04 PM PDT by rktman (BACKGROUND CHECKS? YOU FIRST MR. PRESIDENT!(not that we'd get the truth!))
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To: dfwgator

What about “Nature’s Pride” bread? I loved it, and it disappeared as a result of Hostess going out of business.


8 posted on 03/12/2013 1:14:11 PM PDT by Slump Tester (What if I'm pregnant Teddy? Errr-ahh -Calm down Mary Jo, we'll cross that bridge when we come to it)
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To: dfwgator

Do they have to hire the union thugs back? If they do, they are so toast.


9 posted on 03/12/2013 1:17:51 PM PDT by vpintheak (Occupy your Brain!)
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To: dfwgator

i don;’t give a damn because I have no idea what a twinkie is except it made some queer murder a guy in San Francisco.


10 posted on 03/12/2013 1:17:52 PM PDT by dalereed
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To: COBOL2Java

11 posted on 03/12/2013 1:19:46 PM PDT by dfwgator
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To: Red Badger
Debbie rolled this out quick.


12 posted on 03/12/2013 1:23:02 PM PDT by perfect stranger (Nobama)
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To: perfect stranger

Gotta iron while the strike is hot!.............


13 posted on 03/12/2013 1:26:37 PM PDT by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: dalereed

No, it was a guy that murdered some queer in Sand Fransicko.......


14 posted on 03/12/2013 1:27:28 PM PDT by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: Slump Tester
From the article: Flowers Foods (FLO) won most of Hostess' bread business on Feb. 28 with a $360 million bid that included the Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands, as well as 20 bakeries.
15 posted on 03/12/2013 1:28:39 PM PDT by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: dfwgator

With no other bidders..they bid too much. Just watch them scramble to find a reason to pull the bid, then come in about $50-$75 mill LESS


16 posted on 03/12/2013 1:29:10 PM PDT by ken5050 ("One useless man is a shame, two are a law firm, three or more are a Congress".. John Adams)
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Comment #17 Removed by Moderator

To: Slump Tester
he article said “Flowers Foods (FLO) won most of Hostess’ bread business on Feb. 28 with a $360 million bid that included the Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands, as well as 20 bakeries.”
So you may be in luck, and they just didn't include the name .....
I glad to see “ Merita and Wonder Bread “ coming back, I haven't had a decent PBJ since they went belly up
18 posted on 03/12/2013 1:36:01 PM PDT by Robe (Rome did not create a great empire by talking, they did it by killing all those who opposed them)
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To: dfwgator

Praise be!


19 posted on 03/12/2013 1:37:17 PM PDT by Jack Hammer
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To: perfect stranger

They’ve actually had those for many, many years (previously they just generically called them “Golden Cremes” and a few years ago renamed them “Cloud Cakes”)...however, you started seeing them being stocked in more stores where they weren’t being carried before to take the place of Twinkies.

I personally don’t think too many people missed Hostess as they soon realized so many other similar snacks were available from other companies.


20 posted on 03/12/2013 1:40:30 PM PDT by Republican Wildcat
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To: dfwgator
I'll believe it when I see it.


21 posted on 03/12/2013 1:43:48 PM PDT by mdittmar
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To: dfwgator
Privately held McKee Foods Corp. was tapped as the leading bidder with its $27.5 million offer for Hostess' Drake's brand and some of its equipment. Drake's products include Ring Dings, Yodels, Devil Dogs and Yankee Doodles, as well as its coffee cake. That bid is still pending

McKee Foods is Little Debbie...interesting.

22 posted on 03/12/2013 1:44:50 PM PDT by Republican Wildcat
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To: Red Badger

Flowers Foods...that’s Mrs. Freshley’s I think.


23 posted on 03/12/2013 1:46:25 PM PDT by Republican Wildcat
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To: Republican Wildcat

“Privately held McKee Foods Corp. was tapped as the leading bidder with its $27.5 million offer for Hostess’ Drake’s brand and some of its equipment. Drake’s products include Ring Dings, Yodels, Devil Dogs and Yankee Doodles, as well as its coffee cake. That bid is still pending”

“McKee Foods is Little Debbie...interesting.”

I think they got the real bargain. First, Drakes was a big player in the NE, and Hostess COPIED the Ring Ding Jr. to make the Ding Dong/Big Wheel/King Don. I believe Yodels predats Ho Hos, and Funny Bones have no Hostess equivalent. IF McKee goes back to the old Drake recipe, which was moister and had darker chocolate, they can have a premium line nationwide and go toe to toe with Hostess on day 1 in the populous NE.

(singing) I love Devil Dogs more than ... Marcia!


24 posted on 03/12/2013 1:56:01 PM PDT by Dr. Sivana ("C'est la vie" say the old folks, it goes to show you never can tell. -- Chuck Berry)
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To: dfwgator

I have a package of Ding Dongs in my pantry, was going to sell them for a million dollars, guess I won’t now. :(


25 posted on 03/12/2013 2:01:03 PM PDT by diamond6 (Need scientific proof of God? Check out: http://www.magisreasonfaith.org/)
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To: diamond6

26 posted on 03/12/2013 2:01:33 PM PDT by dfwgator
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To: dfwgator

If they are still going to be a union shop, I am still done with them.


27 posted on 03/12/2013 2:25:46 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Robe

If you see any “Natures Pride”, give it a try. It’s the best whole grain bread out there. I’m pretty sure Arbys used Natures Pride 12 Grain on their Market Fresh deli sandwiches.


28 posted on 03/12/2013 2:57:53 PM PDT by Slump Tester (What if I'm pregnant Teddy? Errr-ahh -Calm down Mary Jo, we'll cross that bridge when we come to it)
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To: Red Badger

However, Bloomberg will want to ban them.........

Are they coming out with an 18 oz. Twinkie?
That would be totally bad.
You’d have to deep fry them one at a time!


29 posted on 03/12/2013 3:01:09 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Republican Wildcat
Correct. For reasons I won't go into I'll never buy Mrs Freshley’s again ever.
30 posted on 03/12/2013 3:08:01 PM PDT by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
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To: dfwgator

Well, I wish them luck. TastyKakes (owned by Flowers Foods, out of Georgia) puts Hostess *to shame*. If you haven’t tasted their limited edition “Bells”, (their version of a Ding Dong, I guess) don’t. Unless you’re one of those skinny-mini people who can eat whatever you want & not show it. Holee COW!

(Back in January, Flowers Foods was supposed to be the buyer of Hostess)


31 posted on 03/12/2013 3:58:52 PM PDT by KGeorge (hoplophobia: n. irrational, morbid fear of guns.)
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To: Slump Tester

Any preservatives or hydrogenated oils?


32 posted on 03/12/2013 9:50:02 PM PDT by diamond6 (Need scientific proof of God? Check out: http://www.magisreasonfaith.org/)
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To: COBOL2Java

Union thugs lining up for their share of the twinkie?


Bust the balls of the unions-—its the AMERICAN way....


33 posted on 03/12/2013 11:54:57 PM PDT by S.O.S121.500 ( Nothing so vexes me as a thief above ground...ENFORCE THE BILL OF RIGHTS.)
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To: Slump Tester
What about “Nature’s Pride” bread?

??

Seriously?
Just buy a loaf of Wonder nread and inject it with sawdust.

34 posted on 03/13/2013 12:16:49 AM PDT by Lancey Howard
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To: dfwgator

35 posted on 03/13/2013 12:21:03 AM PDT by Lancey Howard
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To: diamond6

Don’t know about the oils, but it gets stale quicker than other bread.


36 posted on 03/13/2013 6:15:38 AM PDT by Slump Tester (What if I'm pregnant Teddy? Errr-ahh -Calm down Mary Jo, we'll cross that bridge when we come to it)
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To: Slump Tester

I’m a big Milton lover, but would love to try this!


37 posted on 03/13/2013 8:06:42 AM PDT by diamond6 (Need scientific proof of God? Check out: http://www.magisreasonfaith.org/)
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To: Dr. Sivana

It will be interesting to see how this plays out...just cheap snack cakes, but still interesting. Little Debbie really started pushing their Cocoa Creams and Cloud Cakes (equivalent of Ding Dongs and Twinkies) after Hostess went out and probably have already gobbled up a part of that market share and people realize those types of snacks were not irreplaceable or exclusive to Hostess. I’m sure if I ate them side by side I could tell a slight difference, but otherwise I could tell no difference.


38 posted on 03/14/2013 11:45:21 PM PDT by Republican Wildcat
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To: Republican Wildcat
just cheap snack cakes [ . . . ]Little Debbie really started pushing their Cocoa Creams and Cloud Cakes (equivalent of Ding Dongs and Twinkies) after Hostess went out and probably have already gobbled up a part of that market share and people realize those types of snacks were not irreplaceable or exclusive to Hostess.

JUST cheap snack cakes?!

You probably thought that Walmart cola was a decent replacement for Coke Classic, when that was unavailable for a time.

This is more than a cheap dessert or snack. For some it starts with being a beloved childhood memory. For others the departure of a faithful friend. Some have figured out how to match it with the right ham sandwich. Heck, I invented Hostess Blueberry Fruit Pie a la mode with the help of liberal luncheonette-meister Henry at "Once Upon a Stove" in Cheshire, Connecticut in 1982. The Blueberry Fruit Pie pre-deeceased the rest of the Hostess lineup.

Regarding the Twinkie, Cloud Cakes had been around for a long time. Decades earlier, a then better competitor, Drake's, tried their own version of Creme Fingers, a product so thoroughly ignored after a trial run that it BARELY exists on Google (see Drake's commercial at 6:39).

They aren't bad, but they aren't Twinkies.

Little Debbie's BEST products are their own original creations. In my opinion, the Nutty Bar plays to their strengths, good enough to be mimicked by stores and Mrs. Freshley's. The octagonal dry, and slightly stale Cocoa Cremes could not hold a candle to a Ding Dong/King Don/Big Wheel, and certainly not to a pre-Hostess Ring Ding Jr. The Swiss Rolls are cheap imitations of Yodels and Ho-Hos, and taste as such. The Peanut Butter bars are good, as well. I haven't tried the Devil Dog knock off from Little Debbie, but it probably has a prnounced chemical taste absent on Drake's original.

Nobody has made a plausible knock-off of the Drake's Funny Bone, Hostess SuzieQ, Hostess or Drake's Blueberry Fruit Pies (each good in its own way). Hostess successfully copied Drake's Ring Ding Jr., and Yodels, beating out the brand with name recognition and a decent product, like Nabisco Oreo crushed original sandwich cookie Sunshine Hydrox many decades earlier.

WHile some people have certainly substituted Little Debbie products for classics like the Twinkie, Hostess Cup Cake, Hostess Apple Fruit Pie, Drake's Funny Bone, or (Hostess-owned) Dolly Madison Raspberry Zinger, many more will wait for their return, and WE are the main customers, as moms have started to shun these products in their kids' lunches.

When Twinkies return, I may spread a thin coating of strawberry preserves on them, making a Twinkie strawberry shortcake, paired with an icy glass of whole milk, to celebrate.
39 posted on 03/15/2013 3:53:24 AM PDT by Dr. Sivana (HRC:"Sometimes she looks like a primary schoolgirl and sometimes a pensioner going shopping,"-NKorea)
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To: Dr. Sivana
Hear, hear, good doctor. Are you a doctor of snackfoodology? If not, you should be.

The most irreplaceable of all is the Funny Bone. Be sure to have a glass of milk handy, or you could die of dehydration.

40 posted on 03/15/2013 4:15:46 AM PDT by St_Thomas_Aquinas
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To: St_Thomas_Aquinas

Thanks! Snack Foods were an early interest in life, and I was able to study this area much more closely in college and graduate school.

I agree about the Funny Bones, though after Hostess bought Drake’s, they skimped on the peanut butter creme. In fact, last time I was in CT, I brought a box of Funny Bones home to Illinois, along with a bottle of Foxon Park Birch Beer. I failed to impress anybody with them. One lady at church agreed to try the Birch Beer. One sip ... “Ugh! It tastes like Pepto-Bismol!” as if that were a bad thing.

Do you remember the peanut butter filled Ring Dings? Didn’t have the same presence on the palate as the Funny Bone, but not bad.

I am also looking for evidence of the original name of the Ring Ding, the Ring Ding Jr., which was identical to present day Ring Dings (wrapped in foil, of course). I remember the child in the commercial yelling “I want a Ring Ding, Juniorrrrrrr!”

My question is, was there a Ring Ding Sr., presumably larger than the Ring Ding Jr.? Did they drop the word “Junior” after “Senior” was pulled from the market?

Google gives me no answers.

To this day, my wife is unconvinced that there were ever plain Dorito tortilla chips, simply called Doritos. Like many, she is convinced that the “regular” Doritos are Nacho Cheese. I love her anyway.


41 posted on 03/15/2013 6:18:33 AM PDT by Dr. Sivana (HRC:"Sometimes she looks like a primary schoolgirl and sometimes a pensioner going shopping,"-NKorea)
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To: Dr. Sivana
I want the Ring Dings (and Yodels) wrapped in aluminum foil again. Those were the days. It looked like fine silver to me, when I was a kid ;-)

I have to admit, I didn't know about pre-Nacho Cheese Doritos. That's a shocker.

Did you hear about the success of the Dorito Taco at Taco Bell? It's blown the roof off of sales. I have to try one with the kids. The wife won't go, though...

Can this taco save America?

42 posted on 03/15/2013 7:31:27 AM PDT by St_Thomas_Aquinas
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To: St_Thomas_Aquinas

Regarding Doritos, see:

http://www.taquitos.net/chips/Doritos-Toasted-Corn


43 posted on 03/15/2013 7:48:26 AM PDT by Dr. Sivana (HRC:"Sometimes she looks like a primary schoolgirl and sometimes a pensioner going shopping,"-NKorea)
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To: Republican Wildcat

Yep, Little Debbie has the Cloud Cakes, mini-donuts, etc for a while and we actually prefer them. I have seen WalMart has their version of some LD snacks, but not sure if they are as good.


44 posted on 03/15/2013 7:56:24 AM PDT by pnz1
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