A bankruptcy judge has given final approval for the sale of Twinkies, Wonder Bread and many of Hostess Brands' other assets, clearing the way for the iconic products to return to shelves.
Hostess snacks - including Twinkies, Ho Hos, Ding Dongs and Zingers - were sold for $410 million to a joint venture of private equity firms Apollo Global Management and Metropoulos & Co. They expect to return the product to store shelves this summer.
Wonder Bread and most of Hostess' other bread brands was purchased by baker Flowers Foods for $360 million. The company has yet to give a date for when those breads will be back in stores. On Thursday, Judge Robert Drain also approved the $31.9 million sale of the Beefsteak bread brand to baker Grupo Bimbo, a Mexico-based company that is one of the largest U.S. bakers.
Read - Judge approves sales of Twinkies, Wonder Bread
iReport: The Devil Dog is in the details
Stay gold, Twinkie the Kid. Stay gold.
Take my snack cakes? Over my blinded, bloated body!
Let us hope that the new owners and employees form several unions, so they can enjoy the same success that Hostess did.
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