Hostess Bankruptcy: Flowers Foods Has Chance To Save Twinkies, Snack Company
Flowers Foods Inc. maintains a bakery and plant in southern Manatee County.
While news of two young Sarasota investors created a media frenzy about their court filing to save Twinkies this week, a big-name baker with a southern Manatee County location is reportedly in the mix. Thomasville, Georgia-based Flowers Foods Inc., is going through lending renogations to set itself up for a bid to buy the Hostess and Twinkies brands, The Wall Street Journal reports. Flowers Foods maintains a bakery plant plus a store by U.S. 301 and 63rd Avenue—not too far away from the Merita Discount Bakery Store that serves as a Hostess/Wonder bread outlet on Tallevast Road. Hostess CEO Gregory Rayburn appeared on CNBC Wednesday afternoon announcing Hostess would start laying off employees today. Flowers Foods brands include Tastykake, …
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Richard M. Swier
7:54 pm on Thursday, November 22, 2012
They may buy the brand name but there will be 18,500 former union workers on the unemployed list because of their own stupidity. No public company can continue to run at a loss. Only government does that because us taxpayers pay their bills. Government at every level is faced with what killed Hostess - over paid employees with benefits that are unsustainable by us taxpayers. Time to cut … more ›