Hostess Shutting Down? Favorite Product?

Sounds like the company is going to start selling itself off after a labor impasse. What was your favorite Hostess product? I like the Chocodiles, chocolate covered twinkies if I remember right. But I haven't had a Hostess product in years, maybe one reason they are going out of business.

I do remember getting the fruit pies in my school lunches, liked blueberry the best.

HoHo

FredHayek wrote: I do remember getting the fruit pies in my school lunches, liked blueberry the best.

Hostess Cupcakes....but it has been decades since I have had one. I think Fred is right, people just don't go for that kind of baked good anymore, and that certainly hasn't helped their sales.

I have liked the Raspberry Zingers and Lemon pies- but the Suzy Q's are packed full of sugary goodness. 18,000 jobs lost- because of 6,000 union members.

Another American icon lost to leftist politics.
Guess they can all start practicing for the next 99 weeks- their new career slogan....

"Would you like fries with that?"
http://t3.gstatic.com/images?q=tbn:ANd9GcQFpA7tSY6i4cn-fbZmzavDb4o8XzIirnQ-IaL9r0VBx5J7Uvq25w

http://t2.gstatic.com/images?q=tbn:ANd9GcTFOOyKIMzgwDENUKirGhqLdcgXKN8Jl0bWazfViwvB3hwSulH_6Q
Artificially flavored! I'm gonna miss you... Yum!


http://capitalogix.typepad.com/.a/6a00e5502e47b288330168e5a7572a970c-800wi

The Demise Of The Twinkie: Hostess Files Motion To Liquidate

By Tom Gara

And that’s that: Hostess Brands, maker of Twinkies, Wonder Bread and more, announced this morning it has filed a motion with bankruptcy court to start liquidating the company immediately. A huge number of jobs are soon to be lost.

“Hostess Brands will move promptly to lay off most of its 18,500-member workforce,” said CEO Gregory F. Rayburn in the statement, “and focus on selling its assets to the highest bidders.”

In a letter posted on a new site set up to communicate with employees and suppliers through the liquidation process, Mr. Rayburn pinned the blame on its striking union:

Despite everyone’s considerable efforts to move Hostess out of its restructuring, when we began implementing the Company’s last, best and final offer, the Bakers Union chose to stage a crippling strike. This affected Hostess’ ability to continue to make products and service its customers’ needs and pushed Hostess into a Wind Down scenario. As a result, we are forced to proceed with an orderly wind down and sale of our operations and assets. We deeply regret taking this action. But we simply cannot continue to operate without the ability to produce or deliver our products.

http://www.freerepublic.com/focus/news/2960168/posts?page=67

Ding Dongs for me.

One of my buddies on Facebook like the old aluminum foil wrapped ding dongs, because after eating them in the school lunchroom, you could crinkle them up into a small ball and fling them at your rivals. These days you would get suspended for having a ding dong at school, and expelled for hitting someone in the back of the head with the wrapper.

Wonder Bread. I will miss my bologna sandwiches. Also made the best camping pies.

I can't remember the last time I ate a Hostess anything.

BearMtnHIB wrote: I have liked the Raspberry Zingers and Lemon pies- but the Suzy Q's are packed full of sugary goodness. 18,000 jobs lost- because of 6,000 union members.

Another American icon lost to leftist politics.
Guess they can all start practicing for the next 99 weeks- their new career slogan....

"Would you like fries with that?"
http://t3.gstatic.com/images?q=tbn:ANd9GcQFpA7tSY6i4cn-fbZmzavDb4o8XzIirnQ-IaL9r0VBx5J7Uvq25w

http://t2.gstatic.com/images?q=tbn:ANd9GcTFOOyKIMzgwDENUKirGhqLdcgXKN8Jl0bWazfViwvB3hwSulH_6Q
Artificially flavored! I'm gonna miss you... Yum!


http://capitalogix.typepad.com/.a/6a00e5502e47b288330168e5a7572a970c-800wi

The Demise Of The Twinkie: Hostess Files Motion To Liquidate

By Tom Gara

And that’s that: Hostess Brands, maker of Twinkies, Wonder Bread and more, announced this morning it has filed a motion with bankruptcy court to start liquidating the company immediately. A huge number of jobs are soon to be lost.

“Hostess Brands will move promptly to lay off most of its 18,500-member workforce,” said CEO Gregory F. Rayburn in the statement, “and focus on selling its assets to the highest bidders.”

In a letter posted on a new site set up to communicate with employees and suppliers through the liquidation process, Mr. Rayburn pinned the blame on its striking union:

Despite everyone’s considerable efforts to move Hostess out of its restructuring, when we began implementing the Company’s last, best and final offer, the Bakers Union chose to stage a crippling strike. This affected Hostess’ ability to continue to make products and service its customers’ needs and pushed Hostess into a Wind Down scenario. As a result, we are forced to proceed with an orderly wind down and sale of our operations and assets. We deeply regret taking this action. But we simply cannot continue to operate without the ability to produce or deliver our products.

http://www.freerepublic.com/focus/news/2960168/posts?page=67

And of course the real truth is that the private equity fund that purchased Hostess, that gave itself massive raises, had previously announced the intent to liquidate Hostess from the time that it purchased Hostess and that the CEO of Hostess is a liquidation specialist who had no previous experience in actually operating a business, but only in looting their assets and closing them down.

Even liquidation specialist Rayburn admitted that it was mismanagement that brought Hostess down.

Mr. Rayburn blamed a host of factors, from years of mismanagement to a lack of capital investment to legacy labor costs, for the demise of the company, which was founded in 1927 as Schulze Baking Co.

"I think there's blame to go around everywhere," he said. "There's almost nowhere you can look that didn't play a role in the company ending up in this position."

But then again, it is easier to blame the workers than the management.