Mexican company may rescue Twinkies | Redux

Mexican company may rescue Twinkies

Hanny jamming IV_MMVIII

Hanny jamming IV_MMVIII by andronicusmax
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Excerpt:

Next week may be Black Friday but sweets lovers across the nation hung their heads in sorrow on a dark Friday yesterday as Hostess announced they would cease making their line of products, which include the iconic Twinkies brand, because of the Bakers Union Strike. But now as the brand heads towards liquidating and selling off their assets, a Mexican company may be angling to resurrect the golden Twinkies. According to the Christian Science Monitor, while food producers ConAgra and Flowers Food, the American company behind Nature Valley granola, have expressed interest along with Little Debbie baker McKee Foods, Mexico’s Grupo Bimbo may hold the inside track. Grupo Bimbo is the world’s largest bread baking firm, which already owns parts of Sara Lee, Entenmann’s and Thomas English Muffins and previously made what was considered a low-ball offer of $580 million a few years ago, Forbes reports. Now Hostess may only be worth $135 million.

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Servitje Montull

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Sara Lee

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Entenmann

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Company: Grupo Bimbo

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As Hostess moves to liquidate and sell off its assets, Grupo Bimbo, a Mexican company may be angling to resurrect the surgary company.

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Mexican company may rescue Twinkies

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~ by vandal3di3go on December 10, 2012.