Liberal, KS

Now: 44 °

Currently: Clear

Hi: 59 ° | Lo: 44 °

Twinkie Lovers Can Relax

KSCB News - November 19, 2012 8:34 am

The tasty cream-filled golden spongecakes are likely to survive, even though their maker will be sold in bankruptcy court.

Hostess Brands Inc., baker of Wonder Bread as well as Twinkies, Ding Dongs and Ho Ho’s, will be in a New York bankruptcy courtroom Monday to start the process of selling itself.

The company, weighed down by debt, management turmoil, rising labor costs and the changing tastes of America, decided on Friday that it no longer could make it through a conventional Chapter 11 bankruptcy restructuring. Instead, it’s asking the court for permission to sell assets and go out of business.

But with high brand recognition and $2.5 billion in annual revenue, other companies are interested in bidding for at least pieces of Hostess.

 

Latest Stories

Kansas Court of Appeals Coming to SCCC

Seward County Community College will be hosting the Kansas Court of Appeals for a docket of...

Neon Knights Win 2024 Robotics Championship

The Liberal Recreation Department hosted the Annual Southwest Region First Lego League Championship. The event took...

Robotics Tournament at the Seward County Activity Center on Saturday

The Liberal Recreation Department will be hosting the Annual First Lego League Championship. The event will...

 
KSCB Radio News