Twinkies sale approved by judge

Published on NewsOK Modified: March 19, 2013 at 5:44 pm •  Published: March 19, 2013
Advertisement
;

Taken together, a Hostess spokesman said 29 of the bankrupt company's 36 bakeries were sold as part of the transactions. It will be up to the new owners whether to hire back the thousands of workers who lost their jobs when the company went out of business.

Mark Semer, a spokesman for Metropoulos, said the firms would hire "the most qualified employees for each of our facilities, and this certainly includes many excellent, former Hostess workers."

The bakers union for Hostess, which had previously objected to the sales, said in a statement that it shared the enthusiasm exhibited by the new owners to bring Hostess brands back to shelves quickly.

The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union said it believed "our highly-motivated and skilled workforce will serve as indispensable partners in the seamless re-opening of factories."

The Teamsters, which was the company's largest union, appeared less optimistic.

"The liquidation and sale process has only insured that the brands may live on — none of the buyers have made any comments to employ former Hostess workers let alone honor the terms of conditions of their employment with Hostess — in fact they specifically stipulated that none of the obligations carry forward as part of their bids," the Teamsters said.

Hostess closed its factories in late November following a strike by the union. The company had been struggling financially for years.