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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsit appears Hostess has some buyers interested.
http://abcnews.go.com/blogs/business/2012/11/twinkies-may-find-buyer-hostess-ceo-says/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 companys CEO says.
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 the largest bread-baking company in the world.
snip
Economists say part of the reason Hostess struggled was due to high sugar tariffs meant to protect local producers, the Monitor reported. Grupo Bimbo could take advantage of lower sugar prices in Mexico.
The companys sales had dropped over the years as mothers began swapping healthier choices to the fat-filled snack cakes and white bread. It filed for bankruptcy twice once in 2004 and again in January.
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it appears Hostess has some buyers interested. (Original Post)
littlewolf
Nov 2012
OP
And they will open many of the bakeries with the same equipment, same location with cheap labor
liberal N proud
Nov 2012
#1
liberal N proud
(60,347 posts)1. And they will open many of the bakeries with the same equipment, same location with cheap labor
unblock
(52,387 posts)2. not sure about that, but it seemed obvious that someone, somewhere would be able to make a profit
from these brands.
Brother Buzz
(36,479 posts)3. I suspect they want the labels and distribution routes
Bimbo already has the production capacity.