Source: http://www.thestar.com/business/article/1288748–no-more-twinkies-hostess-going-out-of-business

Say good-bye to one of your all-time favourite, sensational childhood snacks because Hostess, the company that makes (or should I say made) Twinkies is going out of business.

The company’s bakers who went on strike due to a new contract imposed on them are partly to blame. However, there are other factors leading to its bankruptcy as well, such as increasing competition and changing consumer tastes; North Americans are becoming increasingly conscious about healthy eating. The company has debt of one billion dollars and two billion in unfunded pension liabilities. As a result of going out of business, Hostess will be laying off about 18, 500 workers, shutting down 33 bakeries, 565 distribution centres and 570 outlet stores.

Before you burst into tears, here’s the good news: some of the brands of the company will be bought and restarted. The 82 year old company will sell its assets to the highest bidder. However for now, the company has stated that all production will stop as of today, and stores will no longer be receiving their products. We all know what this means… pile-up those shopping carts and stock up on the goodies!

Hostess products on store shelves are being cleared, fast!
Source:http://www.news9.com/story/20122646/oklahomans-stock-up-on-twinkies-as-hostess-goes-out-of-business

Sources:
http://www.thestar.com/business/article/1288748–no-more-twinkies-hostess-going-out-of-business
http://wqad.com/2012/11/16/hostess-brands-closing-for-good/