Good, I think. Lots of companies grow by acquisitions that never realize the synergies they were based on, and would be more profitable if they were parted out. Not only will the companies who end up owing pieces of Hostess shed the unions (they’re nuts if they don’t at least) - but they may be smaller privately-held companies who aren’t under the quarterly pressure faced by public companies that often results in them doing insane things just to “make the numbers”
I wouldn’t be surprised if in 10 years the new companies end up with more then 18,000 employees. Creative destruction at work.
Many of these companies probably already own their own bakeries and only need the brand name rights and recipes.