Twinkies maker Hostess seeks bankruptcy protection
Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions.The Chapter 11 filing on Wednesday comes just two years after a predecessor company emerged from bankruptcy proceedings.
Twinkies are returning to store shelves this July, according to the brand's new owners, hedge funds Apollo Global Management and Metropoulos & Co., who formed the new Hostess Brands, LLC. Twinkies stopped production in November when Hostess Brands Inc. filed for bankruptcy following a lengthy standoff with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union.