Hostess Going Out of Business, May Sell Assets

Could it be the end to the sweet treats many have loved for decades?  Friday, Irving-based Hostess announced they were going out of business after filing a motion with the U.S. Bankruptcy Court.

The maker of Twinkies, Dingdongs and Wonder Bread said the company simply couldn’t survive with striking workers still on the picket line.

“We deeply regret the necessity of today’s decision, but we do not have the financial resources to weather an extended nationwide strike,” Hostess CEO Gregory F. Rayburn said in announcing that the firm had filed a motion with the U.S. Bankruptcy Court to shutter its business. READ MORE

Click to See Recipe for the Deep Fried Twinkie

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