The company that produces Twinkies, Ding Dongs, and Ho Ho’s will officially be going out of business. Unfortunately, Hostess, has already begun the process by laying off thousands of workers and stopped all operations in factories. Hit the jump
Hostess, the maker of Twinkies and Wonder Bread, plans to go out of business, lay off its 18,500 workers and sell its snack cake and bread brands.
The company had warned employees that it would file a motion in U.S. Bankruptcy Court to unwind its business and sell assets if plant operations didn’t return to normal levels by Thursday evening. The privately held company filed for Chapter 11 protection in January, its second trip through bankruptcy court in less than a decade.
