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Interstate Bakeries

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to lay off most of its 18,500-member workforce and focus on selling its assets to the highest bidders." A BCTGM press release issued that day read in part, "When a highly-respected financial consultant, hired by Hostess, determined earlier this year that the company's business plan to exit bankruptcy was guaranteed to fail because it left the company with unsustainable debt levels, our members knew that the massive wage and benefit concessions the company was demanding would go straight to Wall Street investors and not back into the company."
626:'grant bonuses to insiders' and 'cherry-pick' which administrative claims get paid". Drain left Rayburn in charge of the liquidation; Hostess had argued that its assets would devalue if the company had to wait for a trustee to get up to speed on the company. Hostess Brands' liquidation plan was finalized by a federal bankruptcy judge on November 29. In January 2013, the company asked a judge to set a March 21 deadline for workers to file back-pay claims. On February 11, a U.S. Bankruptcy Court judge in New York approved 397: 45: 284: 910: 898: 653:, and was expected to sell its snack-cake and bread brands during 2013. On January 8, 2013, Hostess Brands hired Hilco to sell its equipment, machinery and real estate. Three days later the company announced a $ 390 million stalking-horse bid by Flowers Foods for six of its bread brands (including Wonder Bread), and court approval was received for a February 28 auction of the brands. 292: 590:, Hostess spokesman Erik Halvorson wrote that the May notices were to alert employees to a possible sale of the company but "our goal is still to emerge from bankruptcy as a growing company with a strong future". Although the layoff notices listed July 7–21 as dates, on July 5 another company spokesman told the 718:
On June 6, 2013, the new Hostess Brands reopened the Emporia, Kansas plant. Hostess announced ten days later that production would resume the following month, and on June 23 said that its brands would be back on store shelves on July 15. although the company would sell fewer products than before, new
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On November 2, 2009, IBC became Hostess Brands, named for its Twinkies-and-cupcakes cake division. Hostess Brands continued its bread lines, including Wonder Bread. The company's subsidiaries, such as Interstate Brands Corporation and IBC Sales Corporation, continued displaying their name and logo on
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Acquisitions during the 1950s and early 1960s included the Ambrosia, Remar, Butter Cream, Campbell-Sell and Schall Tasty baking companies, the Kingston Cake and Cobb's Sunlit bakeries, Sweetheart Bread Company and Hart's Bakeries. In the late 1960s IBC acquired Millbrook Bread, Shawano Farms and the
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On November 16, Hostess announced that it was ceasing its plant operations and laying off most of its 18,500 employees. The company said that it intended to sell off its assets (including its well-known brand names) and liquidate. According to CEO Gregory Rayburn, "Hostess Brands will move promptly
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reported that unions in the company were unhappy with Driscoll's proposed compensation package of $ 1.5 million, plus cash incentives and $ 1.95 million in long-term compensation. The court had discovered that Hostess executives received raises of up to 80 percent the previous year. Rayburn cut the
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In 1981 DPF completed the sale of its remaining computer systems and changed the company name back to the original Interstate Bakeries, moving its headquarters back to Kansas City. In 1986 Interstate acquired Purity Baking Company and Stewart Sandwiches, followed in 1987 by Landshire Food Products.
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On January 10, 2012, Hostess Brands filed for Chapter 11 bankruptcy for the second time. In its filing, the company said it "is not competitive, primarily due to legacy pension and medical benefit obligations and restrictive work rules". According to Hostess, it employed 19,000 people and was more
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outbid Flowers Foods for the rights to Beefsteak on February 28, 2013, and the deal was approved by a bankruptcy court on March 20. In August, the trademarks of J. J. Nissen and the web domain jjnissenbreads.com were transferred to Bimbo Bakeries, which later purchased other regional Hostess
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Hostess bakeries on March 15, 2013 for a reported $ 30.85 million, and the deal was approved by a bankruptcy court that month. The brands were Eddy's, Grandma Emile's, Standish Farms and Sweetheart Bakery. As of December 2015, the rights to the Baker's Inn and Dutch Hearth brands remain unsold.
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In December 2011, it was reported that Hostess Brands was on the verge of filing for bankruptcy a second time. The company stopped paying future pension benefits after August, breaking its union contracts. According to a Hostess employee, "We understand that, should we pursue some form of legal
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and C. Dean Metropoulos and Company became the leading bidder to purchase Dolly Madison and the Hostess brand of snacks. Silver Point Capital, Grupo Bimbo and Hurst Capital also placed bids for both brands. On March 12, Apollo and Metropoulos won the bid to buy the brands from Hostess for $
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With the merger, Interstate held two national bread divisions: Butternut and Wonder Bread. The divisions had different cultures: Butternut was unregimented, with each bakery a self-contained profit center, and Wonder Bread was structured; this caused early problems. In both divisions,
485:. The company named a new chief executive, Tony Alvarez. Interstate Bakery's stock, which had been $ 34 per share, fell to $ 2.05 with the bankruptcy. During the bankruptcy proceedings (at the time, the longest-running in U.S. history), Interstate fought a 2007 bid from Mexican baker 320:
In 1930 Nafziger announced the formation of the Interstate Bakeries Corporation (IBC) with the merger of Schulze Bakery and the seven bakers of Western Bakeries of Los Angeles to become the fifth largest baker in the United States. The company sold Butternut bread, wrapped in
768:. Flowers Foods won the bid to purchase five of the six bread brands (except Beefsteak, purchased by Grupo Bimbo) on February 28. The deal went through a bankruptcy court in March and was completed on July 22, 2013. The five brands are Butternut Bread, Home Pride, 511:
During the 2004–2009 bankruptcy period Interstate closed nine of its 54 bakeries and more than 300 outlet stores, and its workforce declined from 32,000 to 22,000. The company dropped regional brands and operating agreements, such as an agreement to produce
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were developed for bread, it was hoped to convert small, less-efficient bakeries into a network of large bakeries like their snack-cakes operations. The new enzymes gave the bread a different taste and texture, and market forces reduced prices and sales.
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in a church basement at 6th and Prospect Avenue in Kansas City in 1905. Nafziger expanded the bakeries and bought out competitors. In 1925 he sold Nafziger to Purity Bakeries (which became American Bakeries) and acquired a controlling interest in
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president Rich Seban said that it might produce innovative pastries and snacks. "We can have some fun with that mixture," Seban said, suggesting that Hostess might experiment with gluten-free, higher-fiber and lower-sugar and -sodium products.
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action to require the company to live up to the terms of the contract, they may close, but we have come to believe that they will close anyway. We believe the company is poorly managed and the only hope is a complete change in management".
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Baker and Shawano canning companies. In 1969 IBC changed its name to Interstate Brands, with its signature brands Butternut and Blue Seal breads and Dolly Madison cakes; Butternut Breads had been in business since 1902.
664:) were negotiating. Two weeks later the company picked Apollo Global Management and C. Dean Metropoulos and Company as lead bidder for its snack cakes, with the bid deadlines for all Hostess brands March 11 and 12. 600: 737:
410 million. The deal was approved by a bankruptcy court, and C. Dean Metropoulos and Company principal Daren Metropoulos announced that Hostess products would be sold again on July 15.
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According to Rayburn, potential buyers expressed interest in acquiring the Hostess brand. On November 21, Judge Robert Drain cleared Hostess to close. In approving the plan, Drain ruled against
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to close its business and sell its assets. On November 21, the motion was accepted and a judge agreed to sell the Hostess brands. The Hostess and Dolly Madison brands are now produced by
260: 1917: 2517: 2975: 2832: 2629: 372:, kept the DPF acronym while continuing to divest its remaining technology assets. Investing heavily in its plants, it acquired the Silver Loaf Baking Company, Eddy Bakeries and 3344: 3339: 3304: 2577: 2390: 1687: 2309: 696:
made the sole bid ($ 410 million) for the company's snack business, which included Twinkies; this company later went public under the name Hostess Brands and trade on the
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In 1975 Interstate was acquired by the Data Processing Financial and General Corporation (DPF), a computer-leasing company that had encountered difficulties during the
2767: 1886: 3324: 2086: 3309: 3289: 445:(created during Continental's ownership). At this time, the merged company also bought the San Francisco French Bread Company, John J. Nissen Baking Company, 3319: 1255: 3108: 740:
This division eventually went public as the second incarnation of Hostess Brands, and announced it would be acquired by J.M. Smucker on September 11, 2023.
1486: 2117: 603:(BCTGM), representing 6,600 Hostess employees, took action after a contract proposal from Hostess Brands was rejected by 92 percent of its members. 1374: 496:
Under Craig Jung, Interstate Bakeries emerged from bankruptcy as a private company on February 3, 2009. The plan included a 50-percent equity stake by
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had offered to buy six of Hostess' bread brands, including Wonder Bread. The deal, initially structured at $ 360 million, involved 20 bakeries and 38
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Combination in the American Bread-Baking Industry: With Some Observations on ... - Combination in the American Bread-Baking Industry - Google Books
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On January 15, 2013, Hostess Brands began searching for a stalking-horse bidder for its snack cakes; four companies (Grupo Bimbo, a partnership of
508:, Silver Point Finance and Monarch Master Funding. Interstate's unionized workers made contract concessions in exchange for equity in the company. 2030: 3314: 1231: 1142: 217:, was a wholesale baker and distributor of bakery products in the United States. Before its 2012 closure and liquidation, it owned the Hostess, 2525: 2060: 1948: 361: 1925: 30:
This article is about the company known as Hostess Brands from 2009 to 2013. For the company which acquired the Hostess name from Old HB, see
1624: 3294: 2603: 1325: 3161: 1311: 2840: 3299: 1695: 1116: 2688: 2398: 3334: 3329: 2550: 2148: 482: 2863: 2252: 1081: 1770: 615: 3284: 2715: 2226: 3035: 2432: 1974: 2926: 2286: 2173: 1167: 3134: 3082: 1430: 1894: 2888: 1833: 248:. In 2009, after it emerged from a 2004 bankruptcy, its name was changed to Hostess Brands and its headquarters moved to 2094: 2819: 2741: 990: 3349: 1795: 1538: 1519: 1177: 2338: 1595: 2487: 1860: 592: 1204: 1141:
Sen, Anirban; Roumeliotis, Greg; Rajesh, Ananya Mariam; Sen, Anirban; Rajesh, Ananya Mariam (September 11, 2023).
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salaries of the four top Hostess executives to $ 1, to be restored by January 1 of the following year or earlier.
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until 1937, when they merged with Interstate Bakeries. In 1943 Interstate acquired the Supreme Baking Company of
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and the Hostess brand) to Interstate. Taggart had created Hostess in 1921, and the brand focused on cakes like
2578:"Apollo Global Management Confirms Purchase of Certain Hostess Assets - Shares Up 4.5%, Hit New 52 Week Highs" 2038: 3058: 611: 3000: 2200: 1382: 1269:"BAKERY MERGER NEARS - Plans to Consolidate Interstate and Schulze Concerns Made - Article - New York Times" 2465: 1743: 1027: 960: 2948: 1572: 1404: 554: 1632: 1451: 3186: 888: 863: 676:
was the leading bidder for Hostess' Sweetheart, Eddy's, Standish Farms and Grandma Emilie's brands and
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330 million and 16.9 million shares of Interstate stock. Continental had acquired Taggart Bakeries of
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The rights to the following Hostess brands were sold to Lewis Brothers Bakeries in December 2013:
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than $ 860 million in debt. The company said it would continue to operate with $ 75 million of
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bread brands: Colombo, Cotton's, Emperor Norton, Fisherman's Wharf, Parisian and Toscana.
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Former headquarters on Armour Boulevard in Kansas City (later the operations center).
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The goal is to restructure Hostess and come out of Chapter 11 as a stronger company.
1232:"TO OFFER 23,141 SHARES. - Interstate Bakeries to Market Issue of Preferred at $ 96" 581:, the company's 19,000 workers were warned of a possible layoff. In an email to the 368:, DPF used its cash to buy a low-tech company. The merged company, headquartered in 902: 458: 446: 314: 241: 234: 230: 194: 1470: 396: 586: 574: 434: 1796:"Hostess Brands Liquidation: Twinkie-Maker Seeks Court Permission To Liquidate" 713: 414: 390: 365: 268: 240:
For many years the company was called Interstate Bakeries and based at 12 East
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to oversee liquidation. Davis criticized the plan's provisions, which would
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Bakery, Confectionery, Tobacco Workers and Grain Millers International Union
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announced it would buy Hostess for $ 5.6 billion in a cash and stock deal.
426: 422: 218: 154: 2798: 1143:"J.M. Smucker to buy Twinkies maker Hostess Brands in $ 5.6 billion deal" 914: 876: 844: 677: 661: 650: 486: 333: 328:
Schulze and Western continued to operate separately under the Interstate
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United States Bankruptcy Court for the Southern District of New York
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We are simply fulfilling our requirements by sending these notices.
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In November 2012, Hostess employees nationwide went on strike. The
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Milford, Phil; McCarty, Dawn; Rochelle, Bill (November 16, 2012).
3004: 2833:"US: Silver Point, Hurst "interested" in Hostess snack cake unit" 1539:"Hostess CEO resigns, fueling speculation of baker's liquidation" 1514: 1512: 1471:"Interstate Bakeries' post-bankruptcy funding appears in trouble" 961:"Old HB, Inc. (f/k/a Hostess Brands, Inc.) Case Number: 12-22052" 634: 596:
that there were no immediate plans to lay off Hostess employees.
430: 322: 3256: 2660:"Hostess chooses United States Bakery for some Northwest assets" 2310:"Northbrook firm to handle Hostess' real estate, equipment sale" 968: 2820:
June, Daniel, "Twinkies Return as Hostess Rises from the Ashes"
2365:"Hostess Receives Court Approval to Hold Feb. 28 Asset Auction" 1375:"Half a Loaf At Giant Baker, Freshness Project Takes Sour Turn" 685: 642: 469: 442: 1509: 1082:"Hostess Wins Approval for $ 800 Million in Cake, Bread Sales" 425:
in 1925, and the deal brought Taggart's creations (including
2604:"Apollo seeks $ 450 million loan for Hostess snack-cake unit" 1266: 1229: 680:
was the leading bidder for its Drake's brand, which included
936:"Stock market quotes, news, currency conversions & more" 909: 883:, holders of rights to select Hostess brand items in Canada. 549:
In March Brian Driscoll resigned as CEO and was replaced by
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The company has its roots in Nafziger Bakeries, founded by
3243: 3187:"IBC marketing chief is eager to revitalize iconic brands" 1109:"Hostess Judge Approves Asset Sales of Over $ 800 Million" 3162:"United States Bakery Said to Win Bid for Hostess Breads" 2864:"Hostess Picks Apollo-Led Group as New Owner of Twinkies" 364:
which changed the pricing of IBM hardware. To change its
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letters and short FAQs on original Hostess Brands entity
2630:"Bid deadlines for Hostess businesses set for next week" 1949:"Hostess Asks Judge to Approve March 21 Claims Deadline" 1028:"Twinkies Maker Hostess Files for Chapter 11 Protection" 614:
Tracy Hope Davis' motion to convert the bankruptcy to a
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Flowers Foods completes acquisition of Hostess bakeries
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BCTGM International Union. Retrieved: 19 November 2012.
1314:, Vol. 38. St. James Press, 2001 (via fundingverse.com) 1140: 660:
and C. Dean Metropoulos and Company, Hurst Capital and
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Companies that filed for Chapter 11 bankruptcy in 2012
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Companies that filed for Chapter 11 bankruptcy in 2004
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Manufacturing companies based in Kansas City, Missouri
2949:"Bimbo wins Beefsteak bread in Hostess Brands auction" 2279:"US: Hostess sale will "most likely" lead to break up" 1768: 2889:"Twinkies To Return To Shelves July 15, Hostess Says" 2147:
McCracken, Jeffrey; Jinks, Beth (December 13, 2012).
1918:"Judge OK's Bonuses for Execs in Hostess Liquidation" 1861:"Hope for Twinkies as Hostess, union go to mediation" 1352:"Continental Baking Co. - Lehman Brothers Collection" 886: 481:
On September 22, 2004, Interstate Bakeries filed for
2488:"Report: McKee Foods seeking Hostess' Drake's brand" 2149:"Hostess Said to Attract Bids From Wal-Mart, Kroger" 1431:"Union to Lose Big in Hostess Bankruptcy (Update 1)" 1055:
Isidore, Chris; O'Toole, James (November 21, 2012).
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On November 16, 2012, the company filed a motion in
3028:"Flowers "stalking horse" for Hostess bread brands" 1625:"Thirteen jobs at risk at Yuba City Hostess outlet" 993:. Hostess Brands. November 16, 2012. Archived from 404: 2976:"Hostess confirms court approval of largest sales" 2516:Jinks, Beth; Alesci, Cristina (January 29, 2013). 2391:"Hostess turns auction attention to cake business" 1887:"Hostess begins firings as competitors eye brands" 1659:"Hostess: No immediate plans for employee layoffs" 1466: 1464: 1326:"Wonder Bread History - Invention of Wonder Bread" 1054: 779: 728:Sold to Apollo and Metropoulos, later J.M. Smucker 393:and changed its name back to Interstate Bakeries. 3109:"McKee wins Drake's cakes from Hostess for $ 27M" 2253:"Hostess expects to split up snack cakes in sale" 2201:"Twinkie Time? Snack Favorites Could Soon Return" 1771:"Twinkie Maker Hostess to Shut Down After Strike" 579:Worker Adjustment and Retraining Notification Act 3271: 2794:"Hostess: Twinkies to return to shelves July 15" 2425:"Bimbo, Apollo in the hunt for Twinkies: report" 1021: 1019: 3325:Food and drink companies disestablished in 2012 2916: 2689:"Hostess picks Little Debbie maker for Drake's" 2422: 2418: 2416: 1461: 1172:. Stanford University Press. December 1, 1924. 854: 3310:Manufacturing companies based in Irving, Texas 3250:re-established + current Hostess Brands entity 3059:"Flowers Foods buys Wonder Bread from Hostess" 2919:"Hostess picks Flowers, Bimbo as bread buyers" 2146: 1975:"Court approves lead bids for Hostess' Brands" 3290:Snack food manufacturers of the United States 3160:McCarty, Dawn; Jinks, Beth (March 15, 2013). 2061:"Hostess Brands gets approval to sell assets" 1016: 743: 528: 213:from 2009 to 2013 and established in 1930 as 3320:Food and drink companies established in 1930 3159: 3153: 2917:Robinson-Jacobs, Karen (February 28, 2013). 2861: 2413: 1688:"Hostess Brand workers hit the picket lines" 1452:Interstate Bakeries emerges from bankruptcy" 1312:International Directory of Company Histories 3257:Hostess Brands: closing information website 3101: 2654: 2652: 2650: 2515: 2423:Robinson-Jacobs, Karen (January 17, 2013). 2029:Freeburn, Christopher (February 12, 2013). 1915: 1834:"Twinkies May Find Buyer, Hostess CEO Says" 1487:"IBC to Change Name to Hostess Brands, Inc" 2912: 2910: 2742:"Hostess cuts ribbon on 'flagship' bakery" 2545: 2543: 2332: 2330: 2087:"Hostess bidders include Wal-Mart, Kroger" 1859:Hoffman, Constantine (November 20, 2012). 1821:HOSTESS DEMISE A DECADE IN THE MAKING(pdf) 1307: 1305: 1303: 1301: 1299: 1297: 1295: 1293: 1291: 1289: 672:It was announced on January 28, 2013 that 633:The company received bids for assets from 400:Interstate Bakeries Hostess delivery truck 43: 2941: 2511: 2509: 1198: 1196: 1050: 1048: 700:under ticker TWNK. On 11 September 2023, 409:In January 1995, Interstate acquired the 300:Interstate Bakeries and Interstate Brands 2993: 2862:de la Merced, Michael (March 12, 2013). 2707: 2683: 2681: 2647: 2627: 2028: 1631:. Marysville, California. Archived from 755: 519: 395: 342: 290: 282: 3056: 2907: 2830: 2540: 2452: 2450: 2362: 2327: 2031:"Hostess Gets OK to Auction Off Brands" 1946: 1884: 1858: 1286: 1106: 1026:Palank, Jacqueline (January 12, 2012). 385:The following year Interstate became a 14: 3315:American companies established in 1930 3272: 2973: 2713: 2575: 2506: 2198: 1972: 1685: 1656: 1593: 1562: 1536: 1193: 1045: 1025: 839: 760:In January 2013 it was announced that 612:U.S. Trustee for the Southern District 3050: 3025: 2765: 2739: 2678: 2601: 2576:Trader, Midnight (January 31, 2013). 2388: 2307: 2276: 1372: 3135:"Drake's Cakes Makes Comeback Today" 3057:Isidore, Chris (February 28, 2013). 2831:Russell, Michelle (March 11, 2013). 2791: 2602:Amato, Michael (February 26, 2013). 2447: 2336: 2250: 2224: 2118:"Wal-Mart wants to save the Twinkie" 2116:Berr, Jonathan (December 14, 2012). 2115: 1916:O'Toole, James (November 30, 2012). 1622: 1429:Gara, Antoine (September 12, 2012). 1428: 1405:"Interstate Bakeries' revenue falls" 1136: 1134: 732:In January 2013, a joint venture by 573:reported that negotiations with the 476: 380:Interstate Bakeries and IBC Holdings 3295:Defunct companies based in Missouri 2225:Choi, Candace (December 22, 2012). 2093:. December 13, 2012. Archived from 2006:. February 11, 2013. Archived from 1973:Murray, Lance (February 11, 2013). 1885:McCarty, Dawn (November 26, 2012). 1373:Adamy, Janet (September 23, 2004). 1008:"IBC moving headquarters to Dallas" 347:Butter-Nut bread package, 1930–1945 24: 3003:. January 24, 2014. Archived from 2464:. January 22, 2013. Archived from 2363:McCarty, Dawn (January 25, 2013). 2337:Choi, Candice (January 11, 2013). 2199:Sutyak, Kara (December 22, 2012). 1947:Milford, Phil (January 24, 2013). 1686:Benson, Lisa (November 10, 2012). 1493:. November 2, 2009. Archived from 953: 542:from Monarch Alternative Capital, 25: 3361: 3235: 2389:Mason, Jamie (January 15, 2013). 2251:Choi, Candice (January 2, 2013). 1718:"Hostess Brands closing for good" 1663:Financial News & Daily Record 1323: 1202: 1131: 707: 593:Financial News & Daily Record 3300:Defunct companies based in Texas 3026:Askew, Katy (January 14, 2013). 2628:Schroder, Eric (March 8, 2013). 2308:Yerak, Becky (January 8, 2013). 1744:"Twinkie Maker Hostess to Close" 1520:"Hostess Brands Bankruptcy Eyed" 1354:. Library.hbs.edu. March 1, 1980 1328:. Ideafinder.com. Archived from 1107:McCarty, Dawn (March 19, 2013). 908: 896: 405:Continental Baking merger (1995) 3335:2012 disestablishments in Texas 3330:1930 establishments in Missouri 3205: 3179: 3127: 3087: 3076: 3019: 2974:Gelski, Jeff (March 20, 2013). 2967: 2881: 2855: 2824: 2813: 2792:Choi, Candice (June 23, 2013). 2785: 2759: 2733: 2714:Kosman, Josh (March 12, 2013). 2621: 2595: 2569: 2480: 2382: 2356: 2301: 2277:Askew, Katy (January 3, 2013). 2270: 2244: 2218: 2192: 2166: 2140: 2109: 2079: 2053: 2022: 1992: 1966: 1940: 1909: 1878: 1852: 1826: 1814: 1788: 1762: 1736: 1710: 1679: 1650: 1616: 1587: 1563:Kaplan, David (July 26, 2012). 1556: 1530: 1479: 1445: 1422: 1397: 1366: 1344: 1317: 1260: 1249: 1223: 1205:"Twinkies Wrapped in Pantyhose" 1160: 1057:"Hostess closing OK'd by judge" 780:Sold to Lewis Brothers Bakeries 295:Former Interstate Bakeries logo 215:Interstate Bakeries Corporation 3095:"USPTO Assignments on the Web" 1657:Mathis, Karen (July 6, 2012). 1565:"Hostess is bankrupt... again" 1456:Business Courier of Cincinnati 1256:Reading Eagle - March 31, 1930 1100: 1074: 1001: 983: 928: 847:, owner of Hostess competitor 540:debtor-in-possession financing 13: 1: 3285:Bakeries of the United States 2766:Adams, Tony (June 16, 2013). 2227:"Hostess brands to be shared" 2174:"Bidders line up for Hostess" 1623:Gebb, Ashley (July 4, 2012). 1594:Kosman, Josh (July 2, 2012). 921: 355: 27:Bakeries of the United States 3191:Kansas City Business Journal 1537:Kosman, Josh (May 9, 2012). 855:Sold to United States Bakery 630:bidders for Hostess Brands. 457:were more profitable due to 7: 2740:Fitch, Ben (June 7, 2013). 870: 555:chief restructuring officer 75:; 94 years ago 10: 3366: 3213:"Dutch Hearth Bakery, LLC" 2458:"Who Will Take the Cakes?" 991:"Hostess Brands is Closed" 744:Sold to Bimbo Bakeries USA 711: 529:Bankruptcy and liquidation 516:for the northeastern U.S. 411:Continental Baking Company 278: 29: 1207:. Hostess. Archived from 1013: — February 17, 2009 862:won the auction for four 722: 667: 525:Hostess Brands products. 192: 180: 172: 149: 136: 125: 115: 105: 87: 69: 61: 51: 42: 3350:Re-established companies 1611:Cuts for Hostess workers 734:Apollo Global Management 702:The J.M. Smucker Company 694:Apollo Global Management 658:Apollo Global Management 553:, who had been hired as 502:General Electric Capital 273:The J.M. Smucker Company 252:. Hostess Brands sought 2522:Bloomberg Business Week 1979:Dallas Business Journal 1748:The Wall Street Journal 1476: — January 8, 2009 1032:The Wall Street Journal 698:New York Stock Exchange 256:again in January 2012. 2893:AP via Huffington Post 2004:Convenience Store News 1596:"Skinny on cake talks" 583:Marysville, California 500:and credit lines from 489:and Ron Burkle of the 449:and My Bread Company. 401: 387:privately held company 348: 311:Schulze Baking Company 296: 288: 93:; 11 years ago 91:November 21, 2012 997:on November 16, 2012. 881:George Weston Limited 756:Sold to Flowers Foods 712:Further information: 546:and other investors. 520:Hostess Brands (2009) 483:Chapter 11 bankruptcy 399: 374:Mrs. Cubbison's Foods 362:IBM antitrust battles 346: 325:, to grocery stores. 294: 286: 271:, itself acquired by 254:bankruptcy protection 246:Kansas City, Missouri 3141:. September 23, 2013 3001:"Bimbo Bakeries USA" 2528:on February 15, 2013 2257:Vending Market Watch 2128:on December 18, 2012 2010:on February 15, 2013 1897:on November 29, 2012 1698:on November 14, 2012 1575:on November 16, 2012 1526:. December 22, 2011. 1497:on November 18, 2009 1385:on November 27, 2012 1211:on November 18, 2012 860:United States Bakery 674:United States Bakery 616:Chapter 7 bankruptcy 544:Silver Point Capital 306:Ralph Leroy Nafziger 200:$ 462 million (2008) 188:$ 144 million (2008) 176:$ 2.8 billion (2008) 157:(US only), Hostess, 110:Chapter 7 bankruptcy 3038:on January 19, 2013 2955:. February 28, 2013 2772:The Ledger-Enquirer 2468:on January 26, 2013 2435:on January 21, 2013 2401:on January 17, 2013 2343:The Huffington Post 2289:on January 29, 2013 2067:. February 12, 2013 1928:on December 6, 2012 1840:. November 19, 2012 1802:. November 16, 2012 1750:. November 16, 2012 1724:. November 16, 2012 1635:on January 17, 2013 1409:www.bizjournals.com 1332:on October 26, 2012 971:on November 6, 2018 840:Sold to McKee Foods 557:nine days earlier. 498:Ripplewood Holdings 467:extended-shelf-life 370:Hartsdale, New York 39: 3007:on January 7, 2004 2868:The New York Times 2695:. January 28, 2013 2666:. January 29, 2013 2664:Food Business News 2557:. January 31, 2013 2494:. January 26, 2013 1458:— February 4, 2009 776:and Wonder Bread. 749:Bimbo Bakeries USA 690:Drake's Devil Dogs 618:with an appointed 567:In July 2012, the 551:Gregory F. Rayburn 506:GE Capital Markets 402: 349: 297: 289: 165:, Home Pride, and 143:Gregory F. Rayburn 37: 3193:. January 1, 2006 2843:on March 15, 2013 2180:. January 6, 2013 2097:on March 24, 2013 2041:on April 11, 2013 1891:Standard-Examiner 1267:(June 10, 2012). 1230:(June 10, 2012). 1119:on April 10, 2013 491:Yucaipa Companies 477:Bankruptcy (2004) 338:Buffalo, New York 204: 203: 16:(Redirected from 3357: 3259: 3247: 3246: 3244:Official website 3229: 3228: 3226: 3224: 3209: 3203: 3202: 3200: 3198: 3183: 3177: 3176: 3174: 3172: 3157: 3151: 3150: 3148: 3146: 3131: 3125: 3124: 3122: 3120: 3115:. March 14, 2013 3105: 3099: 3098: 3091: 3085: 3080: 3074: 3073: 3071: 3069: 3054: 3048: 3047: 3045: 3043: 3034:. Archived from 3023: 3017: 3016: 3014: 3012: 2997: 2991: 2990: 2988: 2986: 2971: 2965: 2964: 2962: 2960: 2945: 2939: 2938: 2936: 2934: 2929:on March 3, 2013 2925:. Archived from 2914: 2905: 2904: 2902: 2900: 2885: 2879: 2878: 2876: 2874: 2859: 2853: 2852: 2850: 2848: 2839:. Archived from 2828: 2822: 2817: 2811: 2810: 2808: 2806: 2789: 2783: 2782: 2780: 2778: 2763: 2757: 2756: 2754: 2752: 2737: 2731: 2730: 2728: 2726: 2711: 2705: 2704: 2702: 2700: 2685: 2676: 2675: 2673: 2671: 2656: 2645: 2644: 2642: 2640: 2625: 2619: 2618: 2616: 2614: 2599: 2593: 2592: 2590: 2588: 2573: 2567: 2566: 2564: 2562: 2547: 2538: 2537: 2535: 2533: 2524:. Archived from 2513: 2504: 2503: 2501: 2499: 2484: 2478: 2477: 2475: 2473: 2454: 2445: 2444: 2442: 2440: 2431:. Archived from 2420: 2411: 2410: 2408: 2406: 2397:. Archived from 2386: 2380: 2379: 2377: 2375: 2360: 2354: 2353: 2351: 2349: 2334: 2325: 2324: 2322: 2320: 2305: 2299: 2298: 2296: 2294: 2285:. Archived from 2274: 2268: 2267: 2265: 2263: 2248: 2242: 2241: 2239: 2237: 2222: 2216: 2215: 2213: 2211: 2196: 2190: 2189: 2187: 2185: 2170: 2164: 2163: 2161: 2159: 2144: 2138: 2137: 2135: 2133: 2124:. Archived from 2113: 2107: 2106: 2104: 2102: 2083: 2077: 2076: 2074: 2072: 2057: 2051: 2050: 2048: 2046: 2037:. Archived from 2026: 2020: 2019: 2017: 2015: 1996: 1990: 1989: 1987: 1985: 1970: 1964: 1963: 1961: 1959: 1944: 1938: 1937: 1935: 1933: 1924:. Archived from 1922:Chicago Defender 1913: 1907: 1906: 1904: 1902: 1893:. Archived from 1882: 1876: 1875: 1873: 1871: 1856: 1850: 1849: 1847: 1845: 1830: 1824: 1818: 1812: 1811: 1809: 1807: 1792: 1786: 1785: 1783: 1781: 1766: 1760: 1759: 1757: 1755: 1740: 1734: 1733: 1731: 1729: 1714: 1708: 1707: 1705: 1703: 1694:. Archived from 1683: 1677: 1676: 1671: 1669: 1654: 1648: 1647: 1642: 1640: 1620: 1614: 1613: 1608: 1606: 1591: 1585: 1584: 1582: 1580: 1571:. Archived from 1560: 1554: 1553: 1551: 1549: 1534: 1528: 1527: 1516: 1507: 1506: 1504: 1502: 1483: 1477: 1474:Kansas City Star 1468: 1459: 1449: 1443: 1442: 1440: 1438: 1426: 1420: 1419: 1417: 1415: 1401: 1395: 1394: 1392: 1390: 1381:. Archived from 1370: 1364: 1363: 1361: 1359: 1348: 1342: 1341: 1339: 1337: 1321: 1315: 1309: 1284: 1283: 1281: 1279: 1264: 1258: 1253: 1247: 1246: 1244: 1242: 1227: 1221: 1220: 1218: 1216: 1200: 1191: 1190: 1188: 1186: 1164: 1158: 1157: 1155: 1153: 1138: 1129: 1128: 1126: 1124: 1115:. Archived from 1104: 1098: 1097: 1095: 1093: 1088:. March 19, 2013 1078: 1072: 1071: 1069: 1067: 1052: 1043: 1042: 1040: 1038: 1023: 1014: 1011:Kansas City Star 1005: 999: 998: 987: 981: 980: 978: 976: 967:. Archived from 957: 951: 950: 948: 946: 932: 913: 912: 901: 900: 899: 892: 625: 459:economy of scale 315:Butternut Breads 242:Armour Boulevard 231:Butternut Breads 197: 101: 99: 94: 83: 81: 76: 47: 40: 36: 21: 3365: 3364: 3360: 3359: 3358: 3356: 3355: 3354: 3270: 3269: 3255: 3242: 3241: 3238: 3233: 3232: 3222: 3220: 3219:. July 31, 2013 3217:Open Corporates 3211: 3210: 3206: 3196: 3194: 3185: 3184: 3180: 3170: 3168: 3158: 3154: 3144: 3142: 3133: 3132: 3128: 3118: 3116: 3113:Chicago Tribune 3107: 3106: 3102: 3093: 3092: 3088: 3081: 3077: 3067: 3065: 3055: 3051: 3041: 3039: 3024: 3020: 3010: 3008: 2999: 2998: 2994: 2984: 2982: 2980:Baking Business 2972: 2968: 2958: 2956: 2947: 2946: 2942: 2932: 2930: 2915: 2908: 2898: 2896: 2895:. June 23, 2013 2887: 2886: 2882: 2872: 2870: 2860: 2856: 2846: 2844: 2829: 2825: 2818: 2814: 2804: 2802: 2790: 2786: 2776: 2774: 2764: 2760: 2750: 2748: 2746:Emporia Gazette 2738: 2734: 2724: 2722: 2712: 2708: 2698: 2696: 2687: 2686: 2679: 2669: 2667: 2658: 2657: 2648: 2638: 2636: 2634:Baking Business 2626: 2622: 2612: 2610: 2600: 2596: 2586: 2584: 2574: 2570: 2560: 2558: 2555:Chicago Tribune 2549: 2548: 2541: 2531: 2529: 2514: 2507: 2497: 2495: 2486: 2485: 2481: 2471: 2469: 2456: 2455: 2448: 2438: 2436: 2421: 2414: 2404: 2402: 2387: 2383: 2373: 2371: 2361: 2357: 2347: 2345: 2335: 2328: 2318: 2316: 2314:Chicago Tribune 2306: 2302: 2292: 2290: 2275: 2271: 2261: 2259: 2249: 2245: 2235: 2233: 2223: 2219: 2209: 2207: 2205:Fox 8 Cleveland 2197: 2193: 2183: 2181: 2172: 2171: 2167: 2157: 2155: 2145: 2141: 2131: 2129: 2114: 2110: 2100: 2098: 2085: 2084: 2080: 2070: 2068: 2059: 2058: 2054: 2044: 2042: 2027: 2023: 2013: 2011: 1998: 1997: 1993: 1983: 1981: 1971: 1967: 1957: 1955: 1945: 1941: 1931: 1929: 1914: 1910: 1900: 1898: 1883: 1879: 1869: 1867: 1857: 1853: 1843: 1841: 1832: 1831: 1827: 1819: 1815: 1805: 1803: 1800:Huffington Post 1794: 1793: 1789: 1779: 1777: 1767: 1763: 1753: 1751: 1742: 1741: 1737: 1727: 1725: 1716: 1715: 1711: 1701: 1699: 1684: 1680: 1667: 1665: 1655: 1651: 1638: 1636: 1629:Appeal-Democrat 1621: 1617: 1604: 1602: 1592: 1588: 1578: 1576: 1561: 1557: 1547: 1545: 1535: 1531: 1518: 1517: 1510: 1500: 1498: 1485: 1484: 1480: 1469: 1462: 1450: 1446: 1436: 1434: 1427: 1423: 1413: 1411: 1403: 1402: 1398: 1388: 1386: 1371: 1367: 1357: 1355: 1350: 1349: 1345: 1335: 1333: 1322: 1318: 1310: 1287: 1277: 1275: 1265: 1261: 1254: 1250: 1240: 1238: 1228: 1224: 1214: 1212: 1201: 1194: 1184: 1182: 1180: 1166: 1165: 1161: 1151: 1149: 1139: 1132: 1122: 1120: 1105: 1101: 1091: 1089: 1080: 1079: 1075: 1065: 1063: 1053: 1046: 1036: 1034: 1024: 1017: 1006: 1002: 989: 988: 984: 974: 972: 959: 958: 954: 944: 942: 934: 933: 929: 924: 919: 907: 897: 895: 887: 873: 857: 842: 837: 782: 758: 746: 730: 725: 716: 710: 670: 623: 587:Appeal-Democrat 575:Teamsters Union 531: 522: 479: 407: 382: 358: 302: 281: 193: 185: 153:Brands such as 139: 132:, United States 97: 95: 92: 79: 77: 74: 35: 28: 23: 22: 15: 12: 11: 5: 3363: 3353: 3352: 3347: 3342: 3337: 3332: 3327: 3322: 3317: 3312: 3307: 3302: 3297: 3292: 3287: 3282: 3280:Hostess Brands 3266: 3265: 3253: 3237: 3236:External links 3234: 3231: 3230: 3204: 3178: 3152: 3126: 3100: 3086: 3075: 3049: 3018: 2992: 2966: 2940: 2906: 2880: 2854: 2823: 2812: 2784: 2758: 2732: 2706: 2677: 2646: 2620: 2594: 2568: 2539: 2505: 2492:Yahoo! Finance 2479: 2462:CSP Daily News 2446: 2412: 2381: 2355: 2326: 2300: 2269: 2243: 2217: 2191: 2165: 2139: 2108: 2078: 2052: 2035:Investor Place 2021: 1991: 1965: 1939: 1908: 1877: 1865:CBS Moneywatch 1851: 1825: 1813: 1787: 1761: 1735: 1709: 1678: 1649: 1615: 1586: 1555: 1529: 1508: 1478: 1460: 1444: 1421: 1396: 1365: 1343: 1316: 1285: 1273:New York Times 1259: 1248: 1236:New York Times 1222: 1192: 1178: 1159: 1130: 1099: 1073: 1044: 1015: 1000: 982: 952: 940:Google Finance 926: 925: 923: 920: 918: 917: 905: 885: 884: 872: 869: 856: 853: 841: 838: 836: 835: 832: 829: 826: 823: 820: 817: 814: 811: 808: 805: 802: 799: 796: 793: 790: 786: 781: 778: 774:Nature's Pride 757: 754: 745: 742: 729: 726: 724: 721: 714:Hostess Brands 709: 708:Hostess Brands 706: 692:. On March 11 669: 666: 628:stalking horse 530: 527: 521: 518: 478: 475: 415:Ralston Purina 406: 403: 391:public company 381: 378: 366:business model 357: 354: 301: 298: 280: 277: 269:Hostess Brands 223:Nature's Pride 211:Hostess Brands 202: 201: 198: 190: 189: 186: 181: 178: 177: 174: 170: 169: 159:Nature's Pride 151: 147: 146: 140: 137: 134: 133: 127: 123: 122: 120:Hostess Brands 117: 113: 112: 107: 103: 102: 89: 85: 84: 71: 67: 66: 63: 59: 58: 53: 49: 48: 32:Hostess Brands 26: 9: 6: 4: 3: 2: 3362: 3351: 3348: 3346: 3343: 3341: 3338: 3336: 3333: 3331: 3328: 3326: 3323: 3321: 3318: 3316: 3313: 3311: 3308: 3306: 3303: 3301: 3298: 3296: 3293: 3291: 3288: 3286: 3283: 3281: 3278: 3277: 3275: 3268: 3263: 3258: 3254: 3251: 3245: 3240: 3239: 3218: 3214: 3208: 3192: 3188: 3182: 3167: 3163: 3156: 3145:September 25, 3140: 3139:FoodWorldNews 3136: 3130: 3114: 3110: 3104: 3096: 3090: 3084: 3079: 3064: 3060: 3053: 3037: 3033: 3029: 3022: 3006: 3002: 2996: 2981: 2977: 2970: 2954: 2950: 2944: 2928: 2924: 2920: 2913: 2911: 2894: 2890: 2884: 2869: 2865: 2858: 2842: 2838: 2834: 2827: 2821: 2816: 2801: 2800: 2795: 2788: 2773: 2769: 2762: 2747: 2743: 2736: 2721: 2720:New York Post 2717: 2710: 2694: 2690: 2684: 2682: 2665: 2661: 2655: 2653: 2651: 2635: 2631: 2624: 2609: 2605: 2598: 2583: 2579: 2572: 2556: 2552: 2546: 2544: 2527: 2523: 2519: 2512: 2510: 2493: 2489: 2483: 2467: 2463: 2459: 2453: 2451: 2434: 2430: 2426: 2419: 2417: 2400: 2396: 2392: 2385: 2370: 2366: 2359: 2344: 2340: 2333: 2331: 2315: 2311: 2304: 2288: 2284: 2280: 2273: 2258: 2254: 2247: 2232: 2228: 2221: 2206: 2202: 2195: 2179: 2175: 2169: 2154: 2150: 2143: 2127: 2123: 2119: 2112: 2096: 2092: 2088: 2082: 2066: 2062: 2056: 2040: 2036: 2032: 2025: 2009: 2005: 2001: 1995: 1980: 1976: 1969: 1954: 1950: 1943: 1927: 1923: 1919: 1912: 1896: 1892: 1888: 1881: 1866: 1862: 1855: 1839: 1835: 1829: 1822: 1817: 1801: 1797: 1791: 1776: 1772: 1765: 1749: 1745: 1739: 1723: 1719: 1713: 1697: 1693: 1689: 1682: 1675: 1664: 1660: 1653: 1646: 1634: 1630: 1626: 1619: 1612: 1601: 1600:New York Post 1597: 1590: 1574: 1570: 1566: 1559: 1544: 1543:New York Post 1540: 1533: 1525: 1524:New York Post 1521: 1515: 1513: 1496: 1492: 1488: 1482: 1475: 1472: 1467: 1465: 1457: 1453: 1448: 1432: 1425: 1410: 1406: 1400: 1384: 1380: 1379:Mindfully.org 1376: 1369: 1353: 1347: 1331: 1327: 1324:Ament, Phil. 1320: 1313: 1308: 1306: 1304: 1302: 1300: 1298: 1296: 1294: 1292: 1290: 1274: 1270: 1263: 1257: 1252: 1237: 1233: 1226: 1210: 1206: 1203:Hogan, Greg. 1199: 1197: 1181: 1179:9780804703345 1175: 1171: 1170: 1163: 1152:September 13, 1148: 1144: 1137: 1135: 1118: 1114: 1113:Business Week 1110: 1103: 1087: 1083: 1077: 1062: 1058: 1051: 1049: 1033: 1029: 1022: 1020: 1012: 1009: 1004: 996: 992: 986: 970: 966: 962: 956: 941: 937: 931: 927: 916: 911: 906: 904: 894: 893: 890: 882: 878: 875: 874: 868: 865: 861: 852: 850: 849:Little Debbie 846: 833: 830: 827: 824: 821: 818: 815: 812: 810:Daffodil Farm 809: 806: 803: 800: 797: 795:Bread du Jour 794: 791: 788: 787: 785: 777: 775: 771: 770:Merita Breads 767: 763: 762:Flowers Foods 753: 750: 741: 738: 735: 720: 715: 705: 703: 699: 695: 691: 687: 683: 679: 675: 665: 663: 659: 654: 652: 648: 647:Flowers Foods 644: 640: 636: 631: 629: 621: 617: 613: 608: 604: 602: 597: 595: 594: 589: 588: 584: 580: 576: 572: 571: 570:New York Post 565: 562: 561: 556: 552: 547: 545: 541: 535: 526: 517: 515: 514:Sunbeam Bread 509: 507: 503: 499: 494: 492: 488: 484: 474: 471: 468: 464: 460: 456: 450: 448: 444: 440: 436: 432: 428: 424: 420: 416: 412: 398: 394: 392: 388: 377: 375: 371: 367: 363: 353: 345: 341: 339: 335: 331: 326: 324: 318: 316: 312: 307: 293: 285: 276: 274: 270: 266: 262: 257: 255: 251: 250:Irving, Texas 247: 243: 238: 236: 232: 228: 227:Dolly Madison 224: 220: 216: 212: 208: 199: 196: 191: 187: 184: 179: 175: 171: 168: 167:Dolly Madison 164: 163:Merita Breads 160: 156: 152: 148: 144: 141: 135: 131: 130:Irving, Texas 128: 124: 121: 118: 114: 111: 108: 104: 90: 86: 72: 68: 65:Food (bakery) 64: 60: 57: 54: 50: 46: 41: 33: 19: 3267: 3261: 3249: 3221:. 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TheStreet 1389:January 19, 1037:January 11, 975:October 17, 945:January 11, 877:Vachon Inc. 845:McKee Foods 804:County Fair 798:Continental 789:Blue Ribbon 678:McKee Foods 662:McKee Foods 651:Grupo Bimbo 487:Grupo Bimbo 455:snack cakes 334:Los Angeles 209:, known as 3274:Categories 2319:January 8, 2293:January 4, 2262:January 2, 2231:Philly.com 2184:January 6, 965:KCCLLC.net 922:References 825:Ozark Mill 682:Ring Dings 439:Ding Dongs 356:DPF (1975) 183:Net income 138:Key people 98:2012-11-21 3223:March 14, 3197:March 14, 3171:March 16, 3166:Bloomberg 3119:March 14, 3063:CNN Money 3032:Just-Food 2873:March 12, 2847:March 11, 2837:Just-Food 2725:March 12, 2369:Bloomberg 2283:Just Food 2153:Bloomberg 2122:MSN Money 1953:Bloomberg 1775:Bloomberg 1414:April 23, 1123:March 19, 1092:March 19, 1061:CNN Money 903:Companies 822:Old World 816:Millbrook 463:logistics 116:Successor 2985:June 24, 2899:June 24, 2805:June 23, 2777:June 19, 2751:June 19, 2699:March 1, 2670:March 1, 2639:March 8, 2561:March 1, 2395:The Deal 1838:ABC News 871:See also 813:Di Carlo 801:Countess 435:CupCakes 431:Twinkies 330:umbrella 313:and its 237:brands. 150:Products 62:Industry 2953:Reuters 2091:Newsday 1692:KSHB-TV 1668:July 7, 1639:July 7, 1605:July 7, 1569:Fortune 1491:Reuters 1147:Reuters 889:Portals 834:Weber's 792:Braun's 635:Walmart 620:trustee 560:Fortune 470:enzymes 465:. 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Index

Old HB
Hostess Brands

Private
Chapter 7 bankruptcy
Hostess Brands
Irving, Texas
Gregory F. Rayburn
Wonder Bread
Nature's Pride
Merita Breads
Dolly Madison
Net income
Total equity
Wonder Bread
Nature's Pride
Dolly Madison
Butternut Breads
Drake's
Armour Boulevard
Kansas City, Missouri
Irving, Texas
bankruptcy protection
United States Bankruptcy Court for the Southern District of New York
White Plains
Hostess Brands
The J.M. Smucker Company

White "Interstate Bakeries Corporation" on a red background
Ralph Leroy Nafziger

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