The company that makes such food products as Wonder Bread and Twinkies has gone bankrupt.
According to the Washington Post, Hostess Brands Inc. filed for Chapter 11 bankruptcy protection today, due in part to such issues as shaky economic conditions, medical benefits and pension obligations, and an increase in competition. The article states that Hostess, which also makes such items as Ho Hos and Ding Dongs, lists its estimated assets as somewhere between $500 million and $1 billion, while its estimated liabilities are somewhere above $1 billion.
It appears that Hostess will continue to be able to deliver its food products during the reorganization, according to the Post.
For more information on this story, please go to the Washington Post link below.
Twinkies and Wonder Bread maker Hostess Brands files for Ch. 11 bankruptcy protection
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