Twinkies are sold! J.M. Smucker scoops up Hostess Brands for $5.6 billion
For Hostess, the deal with the peanut-butter-and-jelly conglomerate is a sweet win after not one, but two bankruptcies.
For Hostess, the deal with the peanut-butter-and-jelly conglomerate is a sweet win after not one, but two bankruptcies.
originalucifer, will they bring back the quality? ever since the bankruptcy their shit is just not worth it.
HubertManne, oh it went to crap way before the bankruptcy.
sim_, Huh, really goes to show how insulary our social circles can be. I struggle think of a time anyone I know has ever bought a Twinkies, let alone its ownership would sell for a hotly-contended 5.6 billion.
dingus, Ah yes, just in time to fuck up the recipes even more through cost cutting!
Not to say that the original Twinkie recipe wasn’t just some kind of industrial waste, but you get my drift. These kind of buyouts literally never result in a higher quality product. It’s just one more thing for J.M. Smucker to drive into the ground for profit.
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