Hostess Brands to Enter Mediation with Bakers Union
IRVING, Texas, Nov. 19, 2012 /PRNewswire/ -- Hostess Brands Inc. announced that it will follow a request from the U.S. Bankruptcy Court for the Southern District of New York to enter a confidential mediation on Tuesday with the Bakery, Confectionary, Tobacco and Grain Millers Union (BCTGM).
Today's hearing to consider Hostess Brands' motion to wind down the Company and sell all of its assets has been adjourned until 11 a.m., EST, on Wednesday.
Production remains shut down.
About Hostess Brands
Founded in 1930 and based in Irving, Texas, Hostess Brands' products have included iconic brands such as Hostess®, Wonder®, Nature's Pride®, Dolly Madison®, Drake's®, Butternut®, Home Pride® and Merita®. Hostess Brands has approximately 18,500 employees and operates 33 bakeries, 553 distribution centers, approximately 5,500 delivery routes and 527 bakery outlet stores throughout the United States.
SOURCE Hostess Brands Inc.
Released November 19, 2012