Hostess Brands Selects Winning Bidder for Majority of Snack Cake Business, Twinkies®

Hostess Brands.Info ^ | March 12, 2013 | Hostess Brands Info

[Beeman]

20 ounces—no way! Nothing less than a 32 ounce Big Gulp!

[yefragetuwrabrumuy]

Apollo Global Management

Among the most notable companies currently owned by Apollo are AMC Entertainment, Claire’s, Caesars Entertainment Corporation, Norwegian Cruise Line, and Realogy (Coldwell Banker and Century 21 Real Estate), CKE (Hardee’s and Carl’s Jr. Restaurants. Ltd) and CORE Media Group (American Idol, Elvis Presley Enterprises, Muhammad Ali Enterprises).

Metropoulos & Co.

These businesses include Pabst Blue Ribbon, Stella Foods, The Morningstar Group, Ghiradelli Chocolate, International Home Foods (Chef Boyardee, PAM, Bumble Bee Seafood, Gulden’s mustard and other brands), Pinnacle Foods (Swanson, Hungry Man, Vlasic pickles and other brands), which merged with Aurora Foods (Dunkin Hines , Aunt Jemima, Lenders bagels and other well-known brands), Mumm and Perrier Jouet Champagnes of France, Hillsdown Holdings of the U.K., Del Monte Foods of Mexico among others.

[xzins]

I’m betting that the restaurants and realty holdings are not union. I know that the casinos sometimes have unions. I can’t speak to the other companies and their union relationships.

[St_Thomas_Aquinas]

I’d strip the equipment and move elsewhere to a right-to-work state. Then I’d sell the building shell.

That would make sense. But I think I remember something about the bakeries remaining union, as part of the bankruptcy agreement.

But don't quote me. I could be wrong.

[xzins]

The bread and the snacks divisions were different. In fact, one of the problems was that unions wouldn’t allow bread to be shipped on the same truck with snacks, even if they were going to the same location.

I wonder if also the bread bakeries were seen as different than the snacks bakeries???

[highball]

I wonder how many ex-bakers union employees will be applying for a job with the company under new ownership? If the new HR department manager is smart, he/she will be ready with a big red “REJECTED” stamp.

Good point. If I were the new owners, any previous union employees would never get a first interview.

Why is that? Union employees aren't the problem. The problem is union bosses, who contribute noting and suck the company's blood. And the members'.

Many of the members wouldn't choose to join a union in the first place, but had to as a condition of getting their job. Why punish them, and deprive the company of all their experience? Better to hire back the old workers on a more sane contract.