Judge Approves Sale Of Twinkies, Ding Dongs & Wonder Bread
NORTH TEXAS (CBSDFW.COM) – Hold on just a little while longer. Tomorrow is the first day of Spring and thanks to a court ruling today, Twinkies could be back on store shelves by Summer and you have the owners of Pabst Blue Ribbon Beer to partially thank!
Tuesday a bankruptcy judge approved the sale of Twinkies to the separate investment firms of Apollo Global Management and Metropoulos & Co. Metropoulos owns Pabst and Vlasic pickles.
Your other favorite cream filled snacks aren’t lost either. Irving-based Hostess is also selling the companies the rights to Ding Dongs and Ho Ho’s, Sno Balls and Dolly Madison in the $410 million deal.
Some of the other formerly owned Hostess brands have also been sold. The judge in the Hostess bankruptcy case also approved the sale of Wonder Bread, Nature’s Pride, Merita, Home Pride and Butternut bread brands to Flower Foods for $360 million.
After filing for bankruptcy and a heated labor dispute, Hostess shutdown operations in late November. The company announced it was going out of business, closing its plants, and firing some 18,000 workers. There was no word Tuesday if any of those former employees would be offered jobs with the new companies.
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