November 16, 2012
|Photo credit: Buzzfeed|
Maybe they weren't always the healthiest snack options, but everyone deserves a treat once in a while. School lunches and after school snack times will never be the same.
Hostess Brands Inc. today announced that it is winding down operations and has filed a motion with the U.S. Bankruptcy Court seeking permission to close its business and sell its assets, including its iconic brands and facilities.In memoriam, here's an inside look at how Sno Balls
“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” said Gregory F. Rayburn, chief executive officer. “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.”
The wind down means the closure of 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570 bakery outlet stores throughout the United States.
|ShareThis | Posted November 16, 2012 at 10:07 PM|
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