Hostess, the makers of Twinkies, Ding Dongs and Wonder Bread, is going out of business after striking workers failed to heed a Thursday deadline to return to work, the company said.
“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn said in announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. “Hostess Brands will move promptly to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders.”
A Chapter 8 sale of the Hostess and Dolly Madison brands, along with their factories and outlet stores, should get them back in business by sometime next year, but if you were planning to get any Twinkies or Zingers for a Christmas happy-happy gift, you may have to move quickly.
I hadn't realized that Hostess also owned Dolly Madison; those seemed to be rivals in the snack market, with the Zinger being the poor-man's Twinkie. I've been a fan of the infamous rat Zinger for years.