Hostess has a new owner. Apollo Global Management, run by billionaire Leon Black, put the only bid on Hostess ahead of Monday’s deadline.
Black’s firm now owns Twinkies, Ho-Hos, Donettes and Dolly Madison brands.
The New York Post says, though, that this may not be promising for the 18,000 Hostess workers who lost their jobs when production stopped in Nov. 2012.
It turns out the new owner plans to hire third party drivers for deliveries and it’s rumored that most of the baking will be done at existing plants, not at the dozens of Hostess bakeries going unused right now.
Twinkies and other Hostess snacks could be back on store shelves by September.