Hostess has been in a world of hurt ever since they filed for bankruptcy in 2012. Sweet production continued in June of last year when our favorite wrapped cakes returned to shelves under the new ownership of private equity firms Apollo Global Management and C. Dean Metropoulous & Co.
Unfortunately one suburban Chicago bakery could not survive the comeback. The Twinkie factory will shut down, cutting 400 jobs. The company said Wednesday it plans to close the Schiller Park bakery in October.
According to the Chicago Sun-Times, Hostess Brands CEO Bill Toler said, “While the old Hostess company was in bankruptcy, many competitors took over the shelves and are tenaciously defending their business and thus we must be highly efficient and technologically advanced to compete.”
Twinkies were invented in Muscatine, Iowa on April 6, 1930, by James Alexander Dewar, a baker for the Continental Baking Company.
