No More Ho Ho - Hostess Closing

[MililaniBuckeye]

Hostess Bakery plants shut down due to a workers' strike. The workers were split up. The State Department hired all the Twinkies, the Secret Service hired all the Ho Hos, the generals are sleeping with the Cupcakes, and the voters sent all the Ding Dongs to Congress.

Fucker...I saw this thread bumped and thought maybe they started making Twinkies again.

 

[ScriptOhio]

Twinkies Due on Shelves by Summer as $410 Million Bid OK'd

Twinkies and other Hostess snacks could be back on shelves by this summer after a successful $410 million bid for the business.
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.
.
.
.
Metropoulos has experience turning around financially troubled food brands. The firm's food holdings include Pabst Blue Ribbon beer, and in the past have included Chef Boyardee canned pasta, Bumble Bee seafood, PAM cooking spray and Gulden's Mustard, all of which it eventually sold to ConAgra Foods Inc. (CAG).
The joint bid by Apollo and Metropoulos had been tapped in January as the lead bidder for most of Hostess' snack cake business, which includes both Hostess and Dolly Madison products, led by its iconic Twinkies brand. The bidders also bought five of the closed bakeries as part of their bid.

Entire article: http://finance.yahoo.com/news/twink...ummer-as--410-million-bid-ok-d-220652823.html

 

[MililaniBuckeye]

Bet all those fuckers that bought up Twinkies with the purpose of gouging Twinkies fans are feeling pretty stupid right now...

 

[Taosman]

Bet all those [censored]ers that bought up Twinkies with the purpose of gouging Twinkies fans are feeling pretty stupid right now...

Boy! That would be really crazy!

 

[exhawg]

Watch them reopen with no unions.

 

[Taosman]

So what if they re-open in Pennsylvania employing non-Union, Jerry Sandusky victims as workers? It's a good deal for the state of Pennsylvania and Penn State!

 

[ScriptOhio]

Re: The bidders also bought five of the closed bakeries as part of their bid.

Watch them reopen with no unions.

That wouldn't surprise me at all and the pay/benefits will be significantly less than what the "old union workers" would have gotten if they had accepted Hostess' concessions (keeping Hostess in business), etc.

However, the good news is that (possibly) 5 closed plants will soon reopen providing a few thousand job opportunities for people looking for work. Oh and yes, Twinkies will be available on the grocery shelves again.

 

[Muck]

Re: The bidders also bought five of the closed bakeries as part of their bid.

The big thing there is that we're not looking at "Twinkies in name only". Being produced in the same plants on the same equipment they should be identical to the pre-bankruptcy product.

 

[ScriptOhio]

 

[Jake]

I see the fruit pies are back on the shelves. I looked at the nutrition label and couldn't believe how many of those things I crushed as a kid. I was a L'il Hoke back in those days. You couldn't pay me to eat one now.