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Hostess Brands

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BUSINESS
December 23, 2012 | By Candice Choi, Associated Press
NEW YORK - Twinkies, Wonder Bread, and Devil Dogs are likely to return to shelves in coming months, but probably not under the same owners. Hostess Brands Inc. said in bankruptcy court Friday it was narrowing down the bids it received for its brands and expected to sell off its snack cakes and bread to separate buyers. The testimony came from an investment banker for Hostess, which is liquidating. A likely suitor has emerged for the namesake Hostess brand, which includes Twinkies, Ding Dongs, and Ho Hos, along with Dolly Madison cakes, which includes Coffee Cakes and Zingers, said Joshua Scherer of Perella Weinberg Partners.
BUSINESS
November 16, 2012
Fearing the imminent liquidation of Hostess Brands Inc. and the loss of an estimated 7,500 jobs, the International Brotherhood of Teamsters on Thursday urged the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union to hold a secret ballot vote on whether to end a nationwide strike that started last Friday over pay and benefits cuts approved by a bankruptcy judge last month. Hostess Brands, which has been in bankruptcy since January, said Wednesday that it would file a motion for liquidation Friday morning if it could not restart operations by 5 p.m. Thursday.
NEWS
November 19, 2012 | BY SAM WOOD, Philly.com samwood@phillynews.com, 215-854-2796
WITH THE imminent closing of the Hostess plant in Northeast Philadelphia, several hundred people are expected to lose their jobs in the region and thousands nationwide. The loss of anyone's job is a sad affair, and it's only compounded by Thanksgiving falling next week and the Christmas holidays just around the corner. But Hostess has always been an also-ran in the Philadelphia region. This is Tastykake territory. Hostess had a power lineup of Twinkies, Ding Dongs and Ho-hos.
NEWS
November 17, 2012 | By Sam Wood, BREAKING NEWS DESK
With the imminent closing of the Hostess plant in Northeast Philadelphia, several hundred people are expected to lose their jobs in the region and thousands nationwide. There's nothing funny about that. The loss of anyone's job is a sad affair, and it's only compounded with Thanksgiving falling next week and the holidays just around the corner. But Hostess has always been an also-ran in the Philadelphia region. This is Tastykake territory. Hostess had a power lineup of Twinkies, Ding Dongs and Ho-hos.
BUSINESS
November 21, 2012 | By Joseph N. DiStefano, Inquirer Staff Writer
Sun Capital Partners Inc., the Florida firm co-headed by Philadelphia 76ers co-owner Marc J. Leder, is among the buyers interested in Hostess Brands if a bankruptcy judge approves the Twinkie and Wonder Bread owner's liquidation, Leder told Dan Primack, a writer for Fortune, on Monday. "I think that we could offer a slightly better, more labor-friendly deal than what was on the table last week," Leder told Primack. Leder is also the backer of Mitt Romney who hosted the GOP presidential candidate's infamous "47 percent" fund-raising pitch.
ENTERTAINMENT
July 17, 2013 | ASSOCIATED PRESS
TWINKIES ARE BACK, but they may be a bit smaller than you remember. The new boxes hitting shelves this week list the spongy yellow cakes as having 270 calories and a weight of 77 grams for two cakes, or 135 calories and 38.5 grams for one cake. Right before it went out of business, the predecessor company had said Twinkies were 150 calories per cake. Photos of past boxes online also indicate the weight to have been 42.5 grams per cake. A spokeswoman for Hostess, Hannah Arnold, said in an email yesterday that the size change was made in "mid-2012" by the predecessor company.
NEWS
November 21, 2012 | ASSOCIATED PRESS
IRVING, TEX. - Hostess Brands Inc. lived to die another day. The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union. As a result, Hostess plans to continue with a hearing on Wednesday in which a bankruptcy court judge will decide if the company can shutter its operations. The renewed talks between Hostess and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union came after the company declared last week that it would move to wind down its business and start selling off its assets in bankruptcy court.
NEWS
January 7, 2013 | Associated Press
NEW YORK - The makers of Thomas' English muffins and Tastykake snacks are emerging as bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy court oversight, a newspaper reported Saturday. The Wall Street Journal said Hostess Brands Inc. could announce as early as this week that Flowers Foods Inc. and Grupo Bimbo SAB are in discussions to acquire the bread brands, which include Nature's Pride. The report said the brands could command $350 million.
BUSINESS
November 16, 2012 | By Jane M. Von Bergen, INQUIRER STAFF WRITER
Hostess Brands Inc. will puts its famous Twinkies, Wonder Bread and Ho-Hos up for sale, blaming the immediate shutdown of its bakeries on the refusal of a striking union to return to work by a 5 p.m. Thursday deadline. Closing would mean the loss of 18,500 jobs, including hundreds at a Hostess plant in Northeast Philadelphia. "Of course they are blaming the union," said Bob Ryder, who heads the International Brotherhood of Teamsters Local 463, a Fort Washington-based local that represents 130 drivers, mechanics and packers at the Northeast plant.
NEWS
November 23, 2012 | WASHINGTON POST
WASHINGTON - If you're looking for a heartwarming holiday story, look somewhere else. On Wednesday, the eve of Thanksgiving, Hostess Brands notified 15,000 workers that their jobs were being terminated as a bankruptcy judge approved the company's plan to go out of business. Although a flurry of recent activity had raised hopes that the 82-year-old maker of Twinkies and Ding Dongs could be salvaged, on Wednesday everyone involved pointed a finger at someone else. Texas-based Hostess criticized the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union for holding out in a labor dispute.
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BUSINESS
September 10, 2013
The accounting firm ParenteBeard promoted Ellen Hickman to principal in the firm's tax practice in its Philadelphia office. Hickman, an authority on international tax, had been a senior manager. Univest Corp. of Pennsylvania , Souderton, promoted Jeffrey M. Schweitzer to chief executive officer, effective Jan. 1. He had been senior executive vice president and chief financial officer of Univest Corp. and Univest Bank & Trust Co. TMG Health Inc. , a King of Prussia firm that handles claims administration and other services for Medicare, Medicaid, and other health plans, promoted Sree Turlapati to director of product development, from manager of software development.
ENTERTAINMENT
July 17, 2013 | ASSOCIATED PRESS
TWINKIES ARE BACK, but they may be a bit smaller than you remember. The new boxes hitting shelves this week list the spongy yellow cakes as having 270 calories and a weight of 77 grams for two cakes, or 135 calories and 38.5 grams for one cake. Right before it went out of business, the predecessor company had said Twinkies were 150 calories per cake. Photos of past boxes online also indicate the weight to have been 42.5 grams per cake. A spokeswoman for Hostess, Hannah Arnold, said in an email yesterday that the size change was made in "mid-2012" by the predecessor company.
BUSINESS
March 20, 2013
In the Region   Comcast completes NBC deal   It's final. Comcast Corp. closed on its $16.7-billion purchase of the 49 percent of NBCUniversal it didn't already own. The cable giant announced the deal in February and it did not need federal government approvals, which had been obtained when Comcast purchased the first 51 percent of NBCUniversal in early 2011. "We are excited the transaction has closed and look forward to taking full advantage of the opportunities for growth and innovation at our combined company," Comcast said.
NEWS
January 7, 2013 | Associated Press
NEW YORK - The makers of Thomas' English muffins and Tastykake snacks are emerging as bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy court oversight, a newspaper reported Saturday. The Wall Street Journal said Hostess Brands Inc. could announce as early as this week that Flowers Foods Inc. and Grupo Bimbo SAB are in discussions to acquire the bread brands, which include Nature's Pride. The report said the brands could command $350 million.
BUSINESS
December 23, 2012 | By Candice Choi, Associated Press
NEW YORK - Twinkies, Wonder Bread, and Devil Dogs are likely to return to shelves in coming months, but probably not under the same owners. Hostess Brands Inc. said in bankruptcy court Friday it was narrowing down the bids it received for its brands and expected to sell off its snack cakes and bread to separate buyers. The testimony came from an investment banker for Hostess, which is liquidating. A likely suitor has emerged for the namesake Hostess brand, which includes Twinkies, Ding Dongs, and Ho Hos, along with Dolly Madison cakes, which includes Coffee Cakes and Zingers, said Joshua Scherer of Perella Weinberg Partners.
BUSINESS
December 1, 2012 | By Candice Choi, Associated Press
NEW YORK - The future of Twinkies is virtually assured. Hostess Brands Inc. got final approval for its wind-down plans in Bankruptcy Court on Thursday, setting the stage for its snack cakes to find a second life with new owners - even as 18,000 jobs will be wiped out, including 400 at the Hostess plant in Northeast Philadelphia. The company said in court that it was in talks with 110 potential buyers for its brands, which include CupCakes, Ding Dongs, and Ho Ho's. The suitors include at least five national retailers such as supermarkets, a financial adviser for Hostess said.
BUSINESS
November 28, 2012 | By Joseph N. DiStefano, Inquirer Staff Writer
Philadelphia-based Tastykake , owned by Flowers Foods , is helping fill the void left by Twinkie maker Hostess Brands Inc. 's bankruptcy liquidation. From exile in suburban Boston, Broomall native David Weinstein tells me he got a happy surprise Sunday when he found fresh Tastykake Krimpets on the shelves formerly occupied by durable Hostess lines at the Shaw's grocery in Stoughton, Mass. "Many of us who live in New England love the idea of having access to Tastykakes in the supermarkets," he said.
NEWS
November 23, 2012 | WASHINGTON POST
WASHINGTON - If you're looking for a heartwarming holiday story, look somewhere else. On Wednesday, the eve of Thanksgiving, Hostess Brands notified 15,000 workers that their jobs were being terminated as a bankruptcy judge approved the company's plan to go out of business. Although a flurry of recent activity had raised hopes that the 82-year-old maker of Twinkies and Ding Dongs could be salvaged, on Wednesday everyone involved pointed a finger at someone else. Texas-based Hostess criticized the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union for holding out in a labor dispute.
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