Hostess Going Out Of Business
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CHICAGO (CBS) – Hostess, the maker of Twinkies, Ding Dongs and Wonder Bread, is going out of business.
Hostess made the decision on Friday morning after failing to reach an agreement with striking workers.
The Irving, Texas, company says the nationwide worker strike crippled its ability to make and deliver its products at several locations.
Hostess 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.
Hostess bakeries in Illinois are located in Schiller Park, Hodgkins in the Chicago area and Peoria downstate, and the flagship Hostess product, the Twinkie, was invented by Schiller Park bakery manager James Dewar in 1930 under a precursor company, Continental Baking Co. Twinkies were originally banana-flavored until banana rationing during World War II prompted the company to switch to vanilla cream.
Click here for the rest of the story from CBS Chicago.