Private equity firm may buy Hostess
November 19th, 2012
01:00 PM ET
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Private equity firm Sun Capital Partners wants to buy bankrupt bakery Hostess Brands Inc., Fortune has learned.

The proposal would be to operate Hostess as a going concern, including reopening the shuttered factories and continuing union representation of Hostess workers.

Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery's creditors chose for an alternate reorganization plan that ultimately failed. Following Friday's liquidation, Sun reengaged by contacting Hostess advisor Perella Weinberg Partners. It also plans to contact the relevant labor unions.

Read - Exclusive: Sun Capital wants to buy Hostess

Previously - Take my snack cakes? Over my blinded, bloated body! and Stay gold, Twinkie the Kid. Stay gold.

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Filed under: Big Business • Business and Farming News • Junk • Twinkies


soundoff (5 Responses)
  1. Leah

    Judge ordered Hostess and Bakers Union to negotiate just breaking news.

    November 19, 2012 at 3:46 pm |
  2. matt

    Weird, that's how business works?...I thought everyone just got bailed out by the government?

    November 19, 2012 at 3:14 pm |
  3. edwin

    Glad I may yet have a chance at tasting the fabled fried Twinkie!

    November 19, 2012 at 2:42 pm |
    • mikey

      If it is anything close to a fried Oreo, it is simply amazing.

      November 20, 2012 at 10:46 am |
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