If you want a Twinkie, you'll be able to import it from Mexico. I think that you'll see more and more US Jobs exported South of the Border. The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union should take a bow, shipping jobs from American Union members down south to Mexico...but wait, this group behind Hostess has Prominent Democrats involved, like Democrat Icon and Former Speaker of the House Dick Gephardt. The mainstream media won't mention it, but I will just for the record.
Mexican company Grupo Bimbo is reportedly eyeing Hostess Brands, the company that makes Twinkies, Ding Dongs and Ho Ho's, after Hostess announced last week that it would shutter and liquidate its 33 bakeries.
News of Hostess Brands' liquidation struck fear in the hearts of Twinkies loyalists across the country, who scrambled to snatch up the sticky-sweet treats from stores and online for fear of never tasting them again.
As a result, the all-American Twinkies brand is now becoming more attractive to potential buyers. Food producers ConAgra and Flowers Food. the American company behind Nature Valley granola, have considered purchasing the company.
But Mexico's Grupo Bimbo, the world's largest bread baking firm, may have the upper hand.
Bimbo owns parts of Sarah Lee, Entenmann's and Thomas English Muffins. The company had previously made an offer of $580 million a few years ago, according to Forbes. Hostess is now estimated to be worth only $135 million.
Part of the reason for Hostess's bankruptcy is high sugar prices tied to U.S. trade tariffs -- which wouldn't be an issue in Mexico, where Bimbo can take advantage of lower-priced sugar. The family that owns and operates Grupo Bimbo is reportedly worth $4 billion.
Sugar has increased in price 150% over the past two years.