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Twinkies, Wonder Bread May Be Coming Back Soon

Iconic brands may be bought by the world's largest breadmaker and sold exclusively at Walmart.

Grupo Bimbo, the world's largest breadmaker is close to acquiring parts of Hostess' bread business, Forbes.com is reporting.

Multiple companies are in talks and bidding on part of the company as part of the arduous process it must go thorugh since it declared bankruptcy and sell its assets to pay creditors. 

The news was first reported by the Wall Street Journal. The WSJ also reported that the Hostess could reveal as early as next week that Bimbo and Flower Foods are the top companies bidding on the company's bread brands, which includes Wonder Bread.

The Hostess bakery in Wayne will close down, leaving more than 300 workers without jobs, as part of that process. The layoffs are expected to go into effect July 3.

The company's cake business, which includes brands like Twinkies and Drakes' Ring Dings, is expected to be sold later this year, Forbes.com reported, and its 33 bakeries shut down.

The bankruptcy stems from the company's inability to come to an agreement with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The strike “crippled the company’s ability to produce and deliver products at multiple facilities." 

— Have a question or news tip? Contact editor Daniel Hubbard at Daniel.Hubbard@patch.com or find us on Facebook and Twitter. For news straight to your inbox, sign up for our daily newsletter.

Wiz January 08, 2013 at 07:04 PM
The last paragraph is ridiculous. The strike didn't cause bankruptcy, mismanagement did.
Telling it Like It Is January 09, 2013 at 02:34 PM
The last paragraph makes perfect sense to me. However I would have added one thing "The greed of the union and their unreasonable demands in today's economic climate forced the company to go into bankruptcy."
Sharon February 12, 2013 at 10:27 AM
I have to agree with Telling it Like It is. Unfortunately when a strike occurs business will take a hit and with the cost of production, labor still at hand, without being able to produce and deliver it will cripple their company. And there are benefits with the union however I have first hand experienced just that, the unreasonable demands. Now the flip side to this story is that nearly 300 workers will be without a job now. I'm sure that in no way did those strikers ever thought that it would end up with a bankruptcy, selling off of assets, and job layoffs.

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