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Keyword: twinkies

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  • Last Of The Twinkies

    11/17/2015 5:32:46 PM PST · by mountn man · 68 replies
    me | today | me
    Eating the last Twinkie.
  • Hostess's Revival: What Can Happen When You're Allowed to Start Fresh(zinger alert!)

    05/23/2015 7:30:03 AM PDT · by rktman · 35 replies
    newsbusters.org ^ | 5/22/2015 | Tom Blumer
    Because it received no national press coverage despite affecting workers in 48 states, very few people know that the Department of Labor decided after Hostess's implosion that the company's 18,000 affected workers would be eligible for Trade Adjustment Assistance. That's supposed to happen when workers lose their jobs because of imports, not because they walked away from their jobs and took their employer down with them. At the time, I estimated the taxpayer costs involved at about $800 million. A February 2012 Investor's Business Daily editorial accurately described the government's decision as "a reward for those who refuse to negotiate,...
  • Twinkie's Miracle Comeback: The Untold, Inside Story of a $2 Billion Feast

    04/23/2015 3:18:15 PM PDT · by jimbo123 · 45 replies
    Forbes ^ | 4/15/15 | Steven Bertoni
    With ingenuity, capital and creative chemistry, billionaire C. Dean Metropoulos and Apollo Global’s Andy Jhawar rescued Hostess Brands–and set themselves up to feast on a $2 billion gain. Walk in the door of Hostess Brands’ flagship bakery in Emporia, Kansas and your first thought is: What a dump. The former front office for the bakery that pumps out classic American treats like golden Twinkies and swirl-topped Cup Cakes is a series of dank, near-empty rooms with scuffed, oatmeal-color linoleum floors, water-stained ceiling panels and a jumble of mismatched office furniture that looks like it was picked up off the curb....
  • Joey Chestnut eats 121 Twinkies in 6 minutes

    10/30/2013 11:27:25 AM PDT · by JoeProBono · 80 replies
    upi ^ | Oct. 29, 2013
    TUNICA, Miss., - Competitive eating champion Joey Chestnut added another record to his total by downing 121 Twinkies in 6 minutes at a Mississippi event. Chestnut came in first during the weekend at the Major League Eating-sanctioned inaugural World Twinkie-Eating Championship at Bally's Casino in Tunica. His closest competitor, Matt "The Megatoad" Stonie, downed 111 of the cream-filled cakes in the time allowed, the Orlando (Fla.) Sentinel reported Tuesday. Miki Sudo, the only woman in the competition, came in third with 71 Twinkies. Chestnut's record-setting feast amounts to 10.2 pounds of Twinkies, containing 18,150 calories, the Sentinel said.
  • Hostess Brands Returns to Snack Cake Market, Will Not Hire the Professional Bakers

    07/13/2013 4:55:38 PM PDT · by mdittmar · 130 replies
    AFL-CIO ^ | 7/12/2013 | Jackie Tortora
    Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) President David B. Durkee issued the following statement in response to the impending re-entry by Hostess Brands, LLC, into the snack cake market:“This coming week, Hostess Brands, LLC, is expected to re-enter the wholesale snack cake market.  Despite the fanfare, the long-term viability of this effort is highly uncertain. Rather than hire professional, experienced bakers who have produced quality snack cakes in the company’s bakeries for decades, Hostess management has chosen instead to hire primarily workers with little or no experience in the demanding wholesale snack cake baking industry.“The BCTGM...
  • Twinkies Make Early Return at Wal-Mart Stores

    07/12/2013 11:52:33 AM PDT · by A_Tradition_Continues · 38 replies
    AP ^ | 07/12/13 | AP
    Wal-Mart is making Twinkies available this weekend, even though Hostess says it asked retailers to wait until Monday to start selling the spongy yellow snack cakes. The world's largest retailer announced Friday that the cakes were available at about 1,600 stores and that about 3,000 of its 4,000 U.S. stores should have them by Sunday morning. That's a day before the July 15 return that Hostess has trumpeted in its marketing.
  • Hostess says Twinkies will return to shelves July 15 with wider distribution

    06/23/2013 10:19:22 AM PDT · by TaxPayer2000 · 74 replies
    Star Tribune ^ | June 23, 2013 | CANDICE CHOI , AP Food Industry Writer
    NEW YORK — Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month. The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it plans to have Twinkies and other snack cakes back on shelves starting July 15. Based on the outpouring of nostalgia sparked by its demise, Hostess is expecting a blockbuster return next month for Twinkies and other sugary treats, such as CupCakes and Donettes. The company says the cakes will taste the...
  • New Twinkie Maker Shuns Union Labor

    04/26/2013 10:23:59 PM PDT · by grundle · 66 replies
    Wall St. Journal ^ | April 24, 2013 | RACHEL FEINTZEIG
    The company that bought the Twinkie, HoHo and Ding Dong brands out of bankruptcy is gearing up to reopen plants and hire workers, but it won't be using union labor. Hostess Brands new incarnation of the baking company that liquidated in Chapter 11—is reopening four bakeries in the next eight to 10 weeks, aiming to get Twinkie-deprived consumers the classic snack cake starting in July. Chief Executive C. Dean Metropoulos said the company will pump $60 million in capital investments into the plants between now and September and aims to hire at least 1,500 workers. But they won't be represented...
  • Hostess Reopening Plants, Without Union Workers

    04/26/2013 5:55:33 PM PDT · by markomalley · 40 replies
    ABC ^ | 4/26/2013
    The bankrupt assets of Hostess Brands, Inc., the company responsible for Twinkies, Ho Ho's, Sno Balls and Ding Dongs, are being put back to work by a buyout firm. What's not being put back to work are the former Hostess unionized employees. The unionized workers had been on strike when the company folded late last year. The company had imposed a contract that would cut its 19,000 workers' wages — 15,000 of whom belonged to the workers from the Bakery, Confectionery, Tobacco Workers & Grain Millers International Union (BCTGM) — by 8 percent. (The Teamsters was Hostess' largest union, followed...
  • Twinkies' future could be union-free

    04/25/2013 2:09:35 PM PDT · by jimbo123 · 17 replies
    CNN Money ^ | 4/25/13 | Jose Pagliery
    The new owners of Hostess are starting up production again. But there's no mention of labor unions. The maker of Twinkies and Ding Dongs was involved in a crippling labor dispute last year, ultimately leading to the company shutting down and selling its assets. Roughly 15,000 of 18,500 employees lost their jobs.
  • Twinkies Back on Shelves by Summer 2013

    04/23/2013 7:28:35 PM PDT · by lowbridge · 36 replies
    Twinkies may be back on the shelves in a couple months! As every sane person knows, our beloved Twinkies went out of production a few months ago because of a dispute between Hostess Brands, Inc. and the bakery unions that crafted the sweet snack. Hostess Brands LLC, a new company under new management in Columbus, GA, announced that it will re-open the state of the art bakery: The Company will initially add 200 jobs to the local economy and plans to create a total of more than 300 jobs in the community within the next several years. The baking facility,...
  • Hostess Brands Selects Winning Bidder for Majority of Snack Cake Business, Twinkies®

    03/13/2013 6:30:23 AM PDT · by xzins · 25 replies
    Hostess Brands.Info ^ | March 12, 2013 | Hostess Brands Info
    Hostess Brands Selects Apollo Global Management and Metropoulos & Co. as Winning Bidder for Majority of Snack Cake Business, Including Twinkies® Agreement Includes Both Hostess® and Dolly Madison® Brands Company to Seek Court Approval of Sale on March 19 KANSAS CITY, Mo., March 12, 2013 - Hostess Brands Inc. ("Hostess Brands" or "the Company") announced that the stalking horse bid submitted by affiliates of Apollo Global Management, LLC (NYSE: APO) (collectively with its subsidiaries "Apollo") and Metropoulos & Co. ("Metropoulos") for the majority of the Company's snack cake business, which includes both Hostess® and Dolly Madison® branded products, will be...
  • Twinkies due on shelves as $410 million bid OK'd

    03/12/2013 12:50:29 PM PDT · by Red Badger · 43 replies
    http://money.cnn.com ^ | 03-12-2013 | Staff
    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...
  • Hostess Brands confirms investment firms' $410 million offer is lead bid for Twinkies...

    02/01/2013 1:33:48 PM PST · by Red Badger · 30 replies
    http://www.dallasnews.com ^ | 30 Jan 2013 | Staff
    NEW YORK — Hostess has picked a lead bidder for its famous Twinkies. The bankrupt Irving company said late Wednesday that it has selected a joint offer from two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management LLC — as the lead bid for its Twinkies and other snack cakes. Hostess says the two are offering to pay $410 million for the snack-cake business and five bakeries. The "stalking horse" bid would set the floor for an auction process that lets competitors make better offers. A judge would have to approve any final sale. After years...
  • Hostess Strikes Deal to Sell Wonderbread, Fate of Twinkies Not Yet Settled

    01/12/2013 5:11:15 PM PST · by 2ndDivisionVet · 19 replies
    ABC News ^ | January 12, 2013 | Alyssa Newcomb
    The iconic Wonderbread, once in jeopardy after Hostess declared bankruptcy, seems likely to return to store shelves under a new brand. A $390 million bid from Flower Foods Inc., for six of the Twinkie maker’s bread brands, was the leading bid on Friday. Flower Foods, which is based in Thomasville, Ga., is best known for making Tastykakes, which are cream filled chocolate cupcakes. The company also makes breads, including Nature’s Own and Cobblestone Mill. Higher competing bids can still be made before the final deal is approved in bankruptcy court. Flower Foods made a $360 million bid for Wonder Bread,...
  • Hostess says it has over 100 interested buyers

    11/29/2012 8:18:43 PM PST · by 2ndDivisionVet · 40 replies
    New York - Hostess Brands got final approval for its wind-down plans in bankruptcy court Thursday, setting the stage for its roster of snack cakes to find a second life with new owners - even as 18,000 jobs will be wiped out. The company said in court that it's in talks with 110 potential buyers for its iconic brands, which also include Ding Dongs and Ho Hos. The suitors include at least five national retailers, such as supermarkets, according to a financial adviser for the company. The process has been "so fast and furious," Hostess hasn't been able to make...
  • Shame On The Gluttonous Bakery Union Members, Blasted Twinkie Killers

    11/23/2012 6:13:32 AM PST · by SeekAndFind · 30 replies
    Forbes ^ | 11/22/2012 | Dr. Mark Hendrickson Grove City College
    Drat! I’m bummed—saddened by the news that the Hostess company, home of the Twinkie and other venerable sugary snacks, is shutting down. I’ll bet I haven’t eaten more than three or four Twinkies in the last 30 years, so the demise of Hostess doesn’t adversely impact my lifestyle. It’s just that, for baby boomers like me, the Twinkie has historic significance in popular culture. Being a kid in the ‘50s meant watching “The Mickey Mouse Club” and “The Lone Ranger” and snacking on Twinkies and Tootsie Rolls. Twinkies were as American as baseball. Now the company that makes them is...
  • Twinkies—A Defense: The real battle at the snack maker is union vs. union.

    11/21/2012 9:37:20 AM PST · by SeekAndFind · 5 replies
    Wall Street Journal ^ | 11/21/2012 | Holman Jenkins
    A corporate bankruptcy is a paper death. The underlying assets live on. Killers of paper structures, in this light, are devalued villains, but a cry has gone up to identify the villain behind the pending liquidation of Hostess Brands, maker of Twinkies, Devil Dogs, Wonder Bread and other déclassé delights. Everyone knows the answer: It was the bakers—i.e., the branch of the AFL-CIO formally known as the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The bakers are guilty of a perfectly justifiable attempted homicide. Don't believe any guff about how chubby Americans are gnawing on carrot sticks. Forget...
  • (Video) Union Dupes to Ship Their own Jobs to Mexico

    11/20/2012 5:55:56 PM PST · by publius321 · 5 replies
    It will be ironic but fitting if the rights to the Twinkie and other treats end up being bought by Mexican bakery El Grupo Bimbo through bankruptcy liquidation. Growing up in Pittsburgh, union people are the greediest,entitlement minded people I have known in my lifetime. The only EXCEPTIONS I have personally known just happen to HATE being in the union and despise the lazy idiots more than anyone... (video) The union people who are actually WORTH the money they are paid - resent - that they have to pick up the slack for the idiots!
  • Twinkies May Find Buyer, Hostess CEO Says (Several expressions of interest on the table)

    11/19/2012 2:54:48 PM PST · by SeekAndFind · 18 replies
    ABC News ^ | 11/18/2012 | Linsey Davis and Taylor Behrendt
    Hostess Brands, the maker of the iconic Twinkies snack cakes, may find a buyer when it heads to bankruptcy court today to liquidate the 82-year-old company, the company’s CEO says. “I think we’ll find buyers,” CEO Gregory F. Rayburn told ABC News on Sunday. ”A few have surfaced already since Friday expressing interest in the brand to acquire them.” Con Agra and Flowers Foods are among the companies that have expressed interest in Hostess, but Mexican company El Grupo Bimbo may have an edge, the Christian Science Monitor reported Saturday. Grupo Bimbo, headed by Mexican billionaire Daniel Servitje Montull, is...