PBR Owner Metropoulos considers bid for Hostess Brands - Action News 5 - Memphis, Tennessee

PBR Owner Metropoulos considers bid for Hostess Brands

Posted: Updated:
  • News on WMCTV.comNewsMore>>

  • Special Elvis items up for auction at Graceland in August

    Special Elvis items up for auction at Graceland in August

    Wednesday, July 23 2014 2:30 PM EDT2014-07-23 18:30:48 GMT
    (WMC) - In three weeks, Graceland will invite Elvis fans onto the property to bid on some famous memorabilia. It's the first ever auction to be held at Graceland, and it will happen August 14. 72 itemsMore >>
    In three weeks, Graceland will invite Elvis fans onto the property to bid on some famous memorabilia.More >>
  • Woman dies after apparent hit-and-run

    Woman dies after apparent hit-and-run

    Wednesday, July 23 2014 1:13 PM EDT2014-07-23 17:13:57 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)
    (WMC) - A vehicle crashed into a person walking on Beechmont Street near Portland Avenue. Memphis firefighters and police officers responded to calls about a hit-and-run around 3:30 p.m. Memphis policeMore >>
    A woman has died after a vehicle crashed into her while she was walking on Beechmont Street near Portland Avenue.
    More >>
  • Police investigate deadly shooting near airport

    Police investigate deadly shooting near airport

    Wednesday, July 23 2014 1:05 PM EDT2014-07-23 17:05:38 GMT
    (WMC) – Memphis police received a call about a possible shooting in the 3500 block of Tchulahoma Road, near Winchester Road, just before 3 a.m. on Wednesday. WMC Action News 5 crews are there and sayMore >>
    Memphis police are investigating a deadly shooting in the 3500 block of Tchulahoma Road, near Winchester Road. Police received the call just before 3 a.m. on Wednesday.
    More >>
(WMC-TV) - Twinkies may survive after all, another company has already expressed in buying Hostess Brands. 

According to Bloomberg News - C. Dean Metropoulos & Co., the private-equity firm that owns Pabst Brewing Co., is considering an offer to buy the 82 -year-old company which plans to liquidate its business.

Metropoulos specializes in purchasing struggling brands, such as Chef Boyardee and Bumble Bee Tuna, and turning them around.

The firm paid close attention to the maker of Twinkies and Wonder Bread during its bankruptcy proceedings, according to Bloomberg.

Metropoulos told Bloomberg that the company was "fully prepared to participate in any process involving selling the brands." 

Hostess said Friday it will fire more than 18,000 workers and liquidate after a nationwide strike by bakery workers crippled operations. 

Hostess, which is based in Irving, Texas, said its stores will stay open for several days to sell remaining products.

 

Copyright 2012 WMC-TV. All rights reserved

RELATED ITEMS:

Updated:

Sugar Shock: Responses to Hostess applying for liquidation

Powered by WorldNow