Home » Kroger, Walmart Reported To Be Among Bidders For Hostess
National

Kroger, Walmart Reported To Be Among Bidders For Hostess

Twinkies

The Kroger Co. and Walmart Stores Inc. are reportedly among the bidders for assets being sold by Hostess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, Bloomberg reports.

There are about two dozen bidders, a person familiar with the matter told Bloomberg. The source asked not to be named because the process is confidential.

Bloomberg says that a few of the bids are for all the assets, some are for just the cakes or breads businesses, and others are interested in individual Hostess plants or products, according to the person. Other first-round bidders include Grupo Bimbo SAB and Alpha Baking Co., the person said.

The 82-year-old maker of Hostess CupCakes, Ding Dongs and Ho Hos said last month that it would liquidate and fire more than 18,000 workers after failing to reach agreement with its striking bakers’ union on concessions to help it emerge from its second bankruptcy.

Representatives for Irving, Texas-based Hostess, Walmart, Kroger, Alpha Baking and Bimbo declined to comment on the auction process, according to Bloomberg. C. Dean Metropoulos & Co., the private-equity firm that owns Pabst Brewing Co., planned to submit a bid, Daren Metropoulos, a principal at the Greenwich, Connecticut-based firm, said this week. He didn’t respond to a request for comment, Bloomberg says.

 

How Can Technology Help Independent Grocers In A Global Pandemic?

With a tremendous uptick in technology solutions in the industry, LOC Software discusses the technology trends and product innovations heading for the future in independent grocery.

Learn More

Learn how grocers of all sizes can engage Gen Z – the 67 million young people born between 1997 and 2012. Gen Z’s are the most racially and ethnically diverse of any generation.

They are the future of your business – your customers, your staff, and the influencers who will impact the buying preferences of your customers and the values of your staff.

Watch Now

Featured Photos

Featured Photo Illuminator Torch Awards, April 5
Anaheim Hilton
Anaheim, California
Share via
Copy link
Powered by Social Snap