Dive Summary:
- Hostess Brands CEO Gregory F. Rayburn told ABC News that he thinks the company will find buyers after the decision was made to liquidate assets last week.
- "A few have surfaced already since Friday expressing interest in the brand to acquire them,” he said.
- Con Agra, Flowers Foods and the Mexican company El Grupo Bimbo are reportedly all interested in the Twinkies maker.
From the article:
Hostess Brands, the maker of the iconic Twinkies snack cakes, may find a buyer when it heads to bankruptcy court today to liquidate the 82-year-old company, the company’s CEO says.
“I think we’ll find buyers,” CEO Gregory F. Rayburn told ABC News on Sunday. ”A few have surfaced already since Friday expressing interest in the brand to acquire them.” ...