Twinkies sale approved by judge
by Associated Press
Mar 19, 2013 | 727 views | 0 0 comments | 3 3 recommendations | email to a friend | print
This 2003 file photo originally released by Interstate Bakeries Corporation shows Twinkies cream-filled snack cakes. Twinkies first came onto the scene in 1930 and contained real fruit until rationing during World War II led to the vanilla cream Twinkie. (AP Photo/Interstate Bakeries Corporation via PRNewsFoto)
This 2003 file photo originally released by Interstate Bakeries Corporation shows Twinkies cream-filled snack cakes. Twinkies first came onto the scene in 1930 and contained real fruit until rationing during World War II led to the vanilla cream Twinkie. (AP Photo/Interstate Bakeries Corporation via PRNewsFoto)
slideshow
NEW YORK (AP) — A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms.

Hostess Brands Inc. is selling the spongy yellow cakes, along with other snacks including Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co. for $410 million.

Metropoulos, which owns Pabst beer, has said it hopes to have the cakes back on shelves by this summer.

The judge also approved the sale of Wonder and other breads to Flowers Foods, which makes Tastykakes. Flowers will also get Nature's Pride, Butternut, Home Pride and Merita as part of the $360 deal.

The sale of Beefsteak, a regional bread brand, to Grupo Bimbo for $31.9 million was also approved.
Comments
(0)
Comments-icon Post a Comment
No Comments Yet
Postings are not edited and are the responsibility of the author. You agree not to post comments that are abusive, threatening or obscene. Postings may be removed at our discretion.