Walmart May Buy Hostess: Report

Kroger also in the mix

By Kevin Spak,  Newser Staff

Posted Dec 14, 2012 8:32 AM CST

(Newser) – It looks like America's retailers can't resist a Twinkie. About two dozen companies intend to bid to buy either all of Hostess or just some of its individual brands, sources tell Bloomberg. Among the biggest names in the mix: Walmart. That deal would make some amount of sense, the New York Post points out, given that the retail behemoth purchased 40% of the sugary snack cakes Hostess produced. (It would also mean the treats would only be sold at Walmart and Sam's Club.) Supermarket chain Kroger is also interested, as are Alpha Baking Co, Mexico's Grupo Bimbo, and the private equity company that owns Pabst Brewing Co.

In this Friday, Nov. 16, 2012, file photo, Twinkies baked goods are displayed for sale at the Hostess Brands' bakery in Denver, Colo.
In this Friday, Nov. 16, 2012, file photo, Twinkies baked goods are displayed for sale at the Hostess Brands' bakery in Denver, Colo.   (AP Photo/Brennan Linsley)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
12%
7%
12%
11%
52%
6%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   HitFix   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   CollegeHumor   |   Barstool Sports   |   OK!