I assume they will sell the brand names and recipes along with the other things they are selling.
In fact, they could sell it all - lock,stock,and barrel - to a single new owner, who could then as XYZ Corp sell Hostess Twinkies, HoHo’s, etc.
And they could have a non-union shop.
It’s such a popular, well-liked brand that that’s what I expect to happen.
Apparently not popular enough to stay in business. They were doing something wrong.
With a little luck, the groundwork has been done with another entity and this just an end run on the union.
The new purchaser can set up a large plant in Indiana, a RTW state, which can supply all the Great Lakes states with Hostess products.
In fact, they could sell it all - lock,stock,and barrel - to a single new owner, who could then as XYZ Corp sell Hostess Twinkies, HoHo’s, etc.
And they could have a non-union shop.
It’s such a popular, well-liked brand that that’s what I expect to happen.
Not going to happen. They are not viable as a stand alone company - thus the reason they have been in bankruptcy since January. They will be acquired by a competing brand like McKee foods who will move production to their own facilities and carry on the brand as a supplement to their existing product lines.
True - and I like Hostess much more than Little Debbie. But it won’t be immediate and in the meantime there will be a lot of pain. I feel sorry for the non-union employees stuck in the middle (and surprisingly enough the Teamsters that agreed to the new contract - it was just the Bakers union).