Its the end of Interstate Bakeries
13 years ago
Yeah you heard already I suppose Its the END of Twinkies FOREVER!!
Totally sucks & you watch the stuff that Interstate Bakeries makes will be on Ebay for TONS of money
Totally sucks & you watch the stuff that Interstate Bakeries makes will be on Ebay for TONS of money
FA+

Liquidation is not 'Abandon In Place' like no longer useful track.
Odds are many of the antiquated production facilities will close and only the newest will remain.
"The brands are valuable and will certainly be sold," said David Pauker, a restructuring specialist with Goldin Associates who sat on the board of Hostess's predecessor Interstate Bakeries and has worked in the food industry.
"They will most likely be purchased by a competitor that will bolt the additional sales to a better and more efficient delivery system. The company itself won't survive."
Grupo Bimbo, McKee Foods - Little Debbie snack cakes, Flower Foods- Tastykake, Weston Foods are but a small fraction of buyers already lining up.
I bet Bimbo bakeries out of Mexico will either buy their debt at auction, and resume the brands, Or they will purchase most of the equipt (ovens and cooling racks for their own facilities.
Fn derp unions . Wont take a 3% pay cut, heres 100% Le derrrrrpppp! I feel sorry for all those that lost their job, in a craptastic economy.