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By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
Independent voices from the The Washington Times Communities
Topic - Gregory Rayburn
The future of Twinkies is virtually assured. Hostess Brands Inc. got final approval Thursday in bankruptcy court for its wind-down plans, setting the stage for its roster of snack cakes to find a second life with new owners — even as 18,000 jobs will be wiped out.
Twinkies, Ho Hos and Wonder Bread are up for sale now that a bankruptcy judge cleared the way for Hostess Brands Inc. to fire its 18,500 workers and wind down its operations.
Hostess Brands Inc. lived to die another day.
He noted Hostess' sales are in the range of $2.3 billion to $2.4 billion a year.
"This is a very hostile situation, and in some respects, rightfully so," Mr. Rayburn said.