Huffpost Business

Hostess Bankruptcy 2012: Maker Of Wonder Bread, Twinkies Prepares To Refile For Chapter 11

Posted: Updated:

Hostess Brands Inc., the maker of Wonder Bread and Twinkies, is preparing to refile for Chapter 11 bankruptcy protection just two years after emerging, The Wall Street Journal reported Monday.

A spokesman for the privately held Irving, Texas, bakery company declined to comment on the report.

The Wall Street Journal said people familiar with the matter said the company is facing a cash crunch with more than $860 million in debt, high labor expenses and rising ingredient costs.

When the company, then called Interstate Bakeries and based in Kansas City, Mo., filed for bankruptcy protection in 2004, it blamed low sales and high fixed costs. It emerged in February 2009.

Hostess Brands employs about 19,000 workers and operates in 49 states. Annual sales are about $2 billion, according to the company's website.

all-related-on-huffpost

Companies Bankrupt in 2011
of
Share
Tweet
Advertisement
Share this
close
Current Slide

Suggest a correction

Around the Web

Hostess Brands - Wikipedia, the free encyclopedia

Hostess Brands bankruptcy eyed - NYPOST.com

Hostess Bankruptcy? by *RoyGBiv-MLP on deviantART

Can A Restaurant Hostess Cause Bankruptcy ?

BankruptcyProf Blog: Hostess filing in mix?

Is Hostess Brands going back into bankruptcy

The Daily Docket: Hostess Taps Restructuring Advisers - Bankruptcy ...