Sarasota Firm Intends To Bid For Hostess, Twinkies Brands

Sarasota investment firm is the latest corporation lining up to save Twinkies from extinction.

Updated 4 p.m. Nov. 19 A Sarasota company may be to thank for saving Twinkies. Hurst Capital, LLLP on Monday filed a letter of intent to acquire the assets of Hostess Brands Inc. with the United States Bankruptcy Court in the Southern District of New York becoming the latest company to step forward to save Twinkies from extinction. "Hostess has over the past 80 years created several of the most recognizable and powerful brands in the United States,” said Hurst Capital, LLLP Managing General Partner Austin Hurst in a statement. "They have undeniable value and when combined with the other existing assets of the company represent a compelling acquisition opportunity." Hostess Brands, the bankrupt baker of iconic consumer brands including …

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What's Tampa Bay Saying?

An End to Twinkies: What Do You Think?

Hostess is going out of business, taking its popular baked goods and thousands of jobs with it. We want to hear your thoughts on the news, Tampa Bay!

Fans of Hostess Twinkies, Ho Ho’s and Ding Dongs are going to have to find new fixes before much longer. The Texas-based company has announced that it plans to call it quits. The move comes on the heels of a national worker strike and may impact an estimated 18,500 jobs across America. The company filed for Chapter 11 bankruptcy protection earlier this year. “Hostess Brands is unprofitable under its current cost structure, much of which is determined by union wages and pension costs,” a company press release stated, according to the Huffington Post. On its website, Hostess has this to say: "We are sorry to announce that Hostess Brands, Inc. has been forced by a Bakers Union strike to shut down all operations and sell all company assets." …

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