No more Twinkies? Ho Hos? Wonder Bread?
Hostess Brands, Inc. announced Friday that it's closing all of its operations due to combining factors of declining profitability, bankruptcy, and—the icing on the cupcake—a strike by one of its largest union worker contingencies.
According to a release from the company, the end of Hostess will mean the loss of 18,500 jobs and the shuttering of 33 bakeries, 565 distribution centers, about 5,500 delivery routes and 570 bakery outlet stores throughout the United States.
It's not clear yet whether the closure will mean the end to all of Hostess' sweet treats. CEO Gregory Rayburn said the company hopes to sell off most of its bigger brands, according to the Wall Street Journal.
“I’m certainly hopeful we can sell the brands and that the brands can live on,” Rayburn said. “They are iconic.”
In addition to dozens of baking and distribution facilities around the country, Hostess Brands will sell its more popular brands, including Hostess, Drakes and Dolly Madison, which makes iconic cake products such as Twinkies, CupCakes, Ding Dongs, Ho Ho’s, Sno Balls and Donettes. Bread brands to be sold include Wonder, Nature’s Pride, Merita, Home Pride, Butternut, and Beefsteak, among others.
Are you planning to go stock up on Hostess products?