Hostess sells Wonder bread and five other brands to Tastykakes baker for $390m with new Twinkies owner expected in a matter of weeks

Hostess sells Wonder bread and five other brands to Tastykakes baker for $390m with new Twinkies owner expected in a matter of weeks | Mail Online

The company's demise came after years of management turmoil and turnover, with workers saying the company failed to invest its brands.
Hostess filed for its second Chapter 11 bankruptcy in less than a decade this January, citing costs associated with its unionized workforce.

It had about 18,500 employees when it announced that it was shutting down after it was unable to reach a deal on a new contract with striking workers.