Hostess’ going out of business, and knocking Twinkies off the shelf have sent people over the top. I mean people are spending thousands of dollars on a couple boxes of Twinkies. There maybe hope yet, my cream-filled cake lovers. Bimbo, the company who bought out Sara Lee for $959 million, is talking about buying out Hostess’. Other companies are looking into this investment, but I think Bimbo has got this one in the bag. I mean $959MiL. That’s a whole heap a money. Hostess’ bankruptcy has to deal with the high sugar prices in the U.S. A company like Bimbo, who buys sugar for a cheaper price, from Mexico can help with this problem. I hope so, because I need my wonder bread. Did you know that was on the list of products made by Hostess’ as well? Drop down bottom for more.
Bimbo’s access to cheap Mexican sugar might also give the company an upper hand. Hostess struggled with high sugar prices in the U.S., which were tied to trade tariffs, according to NBC News. Mexican sugar could help avoid those additional costs, but would also take production — and manufacturing jobs — south of the border.
Twinkie fans have treated the popular snack food like a prized commodity following the news of Hostess’ intent to liquidate on Friday. Hawkers on eBay and Craigslist began selling stashes of Hostess products online Saturday, reportedly for hundreds, and even thousands of dollars.
