Twinkies never die.
Mexico's Grupo Bimbo, Georgia-based Flowers Foods, and Switzerland's Aryzta shared similar interests, all submitting offers by the bidding deadline. Private equity firms are also said to be interested in Hostess, but many of the same firms also submitted bids for AdvancePierre Foods at a similar price range of around $2 billion.
The maker of Ho Hos, Twinkies, and Ding Dongs once boasted revenues just shy of $1 billion before filing for Chapter 11 bankruptcy back in 2012. Today, revenues are nearly half what they used to be but sources say those close to the company think a new owner could return revenues to previous clips.