What will happen to Hostess and its beloved products?

[turbo]

Slowly the environment degenerates, failure and production losses increase, the company starts losing money, morale declines, attitudes change, no one gives a damn anymore, and eventually the company is doomed. It is a fairly familar pattern in my world.

That is true in lots of of manufacturing, Ivan. I have watched mill after mill defer capital improvements to save money. Generally, the management (well-heeled, usually) dominates the media and starts pointing fingers. It's a really sad stage of decline, and you can see the job-losses coming, along with the financial ruin of the towns. Sad, but predictable.

 

[edward]

Mexican Bakery Grupo Bimbo has their eye on Hostess.

http://worldnews.nbcnews.com/_news/2012/11/17/15245611-mexican-company-bimbo-may-be-eyeing-twinkies?lite

 

[jtbell]

Bimbo... Hostess... hmmm...

 

[Evo]

I've seen bimbo bread, they really need to rethink that name.

 

[jtbell]

For those who can't wait for someone to resuscitate Hostess Cupcakes:

http://apassionateplate.com/homemade-hostess-cupcakes/ (the chocolate kind)

 

[edward]

I've seen bimbo bread, they really need to rethink that name.

Actually a subsidiary of Grupo Bimbo has already expanded into the U.S. market. They have a number of well know U.S. company's. Sara Lee is probably the most well known.

http://www.bimbobakeriesusa.com/

 

[Evo]

Actually a subsidiary of Grupo Bimbo has already expanded into the U.S. market. They have a number of well know U.S. company's. Sara Lee is probably the most well known.

http://www.bimbobakeriesusa.com/

I'm referring to their line of bread that is actually named Bimbo, it's sold here. I had to do a double take the first time I saw it, I thought it was a joke.

I was not aware that they owned so many brands though, thanks for the link. Perhaps I should contact them about continuing the orange cupcakes.

 

[jim mcnamara]

Bimbo is a clown, like the Nova was a no-sell chevy in Latin America.
If you don't see the Spanish: no va = does not go

Hey Jimmy, gimme a ride in your Studebaker. I'm not worried. Some company or another will succumb to business sense and start making twinkies et al again. Meanwhile, it's time travel or go to ebay:

$US137 for about $US10 worth of twinkies:

http://www.ebay.com/itm/Hostess-Twinkies-5-Boxes-of-10-Individually-Packaged-Sponge-Cakes-FREE-SHIP-/271105156085

 

[Jimmy Snyder]

the Nova was a no-sell chevy in Latin America.

Not even close. Snopes

 

[jim mcnamara]

Not even close enough for hand-grenades. My bad...

 

[AlephZero]

Another case of union workers cutting off their nose to spite their face, IMO.

The judge hearing the bankruptcy proceedings seems to agree with you.
http://www.bbc.co.uk/news/business-20402361

"Many people, myself included, have serious questions as to the logic behind this strike," said Judge Robert Drain, of the Bankruptcy Court in the Southern District of New York.

 

[edward]

Hostess had financial problems that went much deeper than the unions. In the long run Hostess finally reached their expiration date.

 

[jtbell]

If you can actually find some Twinkies now, here's the perfect thing to do with them:

http://www.courant.com/features/too-shea/hc-shea-boomers-1121-20121121,0,1549751.column (Hartford Courant)

 

[CFDFEAGURU]

Now I can associate completely with Woody Harrelson's character in Zombie Land.

 

[Astronuc]

Bankrupt Hostess to Give Execs Bonuses - but doesn't have enough cash on hand to pay retirement benefits (ostensibly under contract) to some former employees
http://gma.yahoo.com/bankrupt-hostess-execs-bonuses-094718695--abc-news-topstories.html

 

[turbo]

"I was qualified to draw my pension, with no notice I lost about 70 or 75 percent of it I didn't work 34 years to lose it," Carroll said.

Unfortunately, the workers are treated like dead weight, and the managers that ran the company into the ground get nice bonuses. Hostess has bakeries, distribution centers, and distribution routes here in Maine, so it won't be painless.

My wife and I don't buy sweets, and I have never been a fan of Wonder bread, so no loss to us, but we know people that work for J.J. Nissen (owned by Hostess' parent company) and the collapse will hurt them. One guy in particular spent a year or two building up his delivery route to the river-rafting companies north of here. The rafting companies had expanded into the snowmobile rental business (including lodging and X-country skiing) so they had year-round demand for hot dog rolls, hamburg buns, dinner rolls, bread, etc. Color that gone if J.J. Nissen goes under.