Judge OKs Twinkies Sale

NEW YORK (March 19, 2013)—A bankruptcy judge has approved
Hostess Brands’ sale of Twinkies, along with other snacks including Ding Dongs and Ho Hos, to Apollo Global Management and Metropoulos & Co. for $410 million.

Metropoulos, which owns Pabst beer, has said it hopes to have the cakes back on shelves by this summer.

The judge also approved the sale of Wonder and other breads to Flowers Foods, which makes Tastykakes.

Flowers will also get Nature's Pride, Butternut, Home Pride and Merita as part of the deal.

The sale of Beefsteak, a regional bread brand, to Grupo Bimbo for $31.9 million was also approved.

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