With the company Hostess going out of business many wonder what will happen to popular snacks like the company's Twinkies and Ding Dongs.
Reports are surfacing that rival companies are looking to purchase such products from bankrupted Hostess. The Washington Post said that Metropoulos owner of Pabst Brewing Co. may make a bid for Hostess's "iconic brands," as well as Flowers.
Flowers, who according to the Washington Post, shares are up by 10 percent on Friday in New York trading and have a "relatively small," overlap with Hostess major markets and products may look into serious negotiations with the fallen company.
"This is an unfortunate situation and we are very sad for all those impacted," Keith Hancock, a spokesman for Thomasville, Georgia-based Flowers, said in an e-mailed statement. "We are staying focused on making sure our consumers and customers have the baked foods they need -- and on serving the market."
Hostess Brand Inc. has fired thousands of employees in the past months and is said that liquidation of Hostess will take round a year. The company has brands that include Dolly Madison, Drake's, Merita and Butternut and Chief Executive Officer Gregory F. Rayburn hopes that these parts of Hostess can carry on.
"Hopefully, someone will buy the brands, and some of the brands can live on, but that's a pretty small consolation for people who are out of work," Rayburn said in an interview on Bloomberg Television. "Somebody might buy the brand but that doesn't mean they're going to buy" plants and equipment used to make the products.
Already fans of the company have stockpiled on the baked goods with some people taking to auctioning off sites like ebay.com to sell the last few batches of Hostess products.
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