A Mexican company may come to the rescue of Twinkies-loving Americans across the country as it looks to acquire the bankrupt Hostess Brands to keep its lip-smacking-sweet confections on store shelves for years to come. 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
Bimbo bread in Mx is certainly a very close if not exact copy of wonderbread. We always suspected they were a licensee or something. I think this is a natural, as bimbo already sells a line of hostess look-alike snack food. If you´ve ever eaten local mexican pastries or donuts, you know why the bimbo stuff is popular.
Good news for the folks that eat the snacks- terrible news for the employees who lost their jobs- smart move by Bimbo Company if the price is right- probably be able to order the products right on the internet - they don´t need multiple factories all over the place-
Some of Bimbo´s stuff is pretty good, but it does have that Mexican flavor (not quite as sweet). If they buy the brands, I hope they buy the recipes and stick with them too. By the way, I´m not too sure about using the Bimbo name though...I don´t think anyone wants to buy "Bimbo Ho Ho´s"!!
21 have you been to a convenience store lately? A third or more of the snacks are already made by Mexican companies, including the one menitoned as the buyer for the Hostess brands. Frankly, it is the type thing we should outsource, since there´s really no way to produce this kind of stuff at a reasonable price and pay any decent wage. It´s low end confections. Upper end confections will remain a boutique business and provide decent opportunities.
More on Grupo Bimbo (headquartered in Santa Fe as well as in Mexico):
On December 10, 2008, it was announced that Grupo Bimbo bought WFI (Weston Foods Inc.) a subsidiary of George Weston Ltd. for $2.38 billion, making Grupo Bimbo the largest bakery company in the USA and the only bakery in the USA with a national footprint. They now own brands such as Arnold, Boboli, Brownberry, Entenmann´s, Freihofer´s, Stroehmann, and Thomas´, plus 22 factories and 4,000 delivery trucks.
On November 9, 2010, Sara Lee Corporation said that by selling its North American Fresh Bakery unit to Grupo Bimbo, it could grow in other areas.
Actually three companies are vying for the Hostess brands . Con-agra is one . Bimbo is mentioned here because their offer is about 4+ times the estimated worth of the Twinkie label. The others haven´t made their offers public yet.
I have not noticed a lot of US-branded food made in Mexico. Here in Los Angeles of course there are a lot of Hispanic-branded foods that are made there. There have been some cases of lead-tainted candy and such from Mexico - one of the few US (Kroger) labelled foods I *have* seen from Mexico.
OTOH I´m guessing a lot of fresh produce here is from Mexico, fwiw, and I ain´t dead yet.
As #23 and #24 point out a Grupo Bimbo acquisition makes sense. They will probably make them in the U.S.
About a year ago, I was on a flight to Kansas City and struck up a conversation with the guy sitting next to me. He was an American manufacturing engineer for Grupo Bimbo. He was on his way to set up a new bakery in the Topeka area that will employ several hundred. He said he lived in San Diego. He said CA was a nice place to live but you don´t want to invest there -- too much red tape. He said Kansas was much more supportive of economic development and helping companies set up plants there.
I suspect if Bimbo SA buys Hostess, the products (Twinkies, etc.) will live, but most of the Hostess employees and distribution centers will be eliminated. bimbo has its own bakeries and distribution system, so they can just fit the Hostess products into their existing US capacity.
Bimbo bought out Ft Worth based Mrs Bairds breads about 10 years ago. Family cashes out, have not noticed a difference in bread. Another reason for sale was they consolidated operations in Ft Worth - assume using American non-union bakers. The smaller ´legacy plants´ were not in compliance with EPA emission rules - they emitted too much VOC volatile organic compounds, and the Baird family didn´t want to throw away millions of $ to satisfy ever-tighter and expensive EPA rules.
This is excellent news. I truly hope every industry that has striking union employees, private or public...immediately goes bankrupt, dissolves, re-organize or is sold to foreign company.
Unions have destroyed the US economy and the quality of service and products.
Worse they exhibit no pride in their labor. Visit the DMV, post office, public school or county hopsital. Their appearance, their behavior and surroundings reflect zero personal pride. Visit a film set with various trade unions...they act like they are doing the director a favor by working their and will only do the work that is outlined in their union contract. So if the power goes out and the electricians union workers are not there yet. No one else can turn on the power. Wonder why film costs are constantly escalating...usually blamed on the actors´ salaries. Wrong. It is the cost over runs from all the demands made by the union contractors. That is why so many American film makers film in Canada and Europe. Duh...
In following the story on the Hostess debacle, and comparing that with my extensive knowledge of how unions and businesses work on the inside, I have to conclude, this was an exceptionally clever deal from the beginning and the unions stepped right into the trap, as the Hostess owners knew they would. This was not a sudden "Oh, No!" moment. The exhaustive and exorbitant union thug gains were just not sustainable and the US gvt was not going to be of any help with union loving Øbama in office. Hostess took a profitable way out, dumped the retirement fund in the lap of the tax payers, and cashed in their chips, very lucratively, I would easily bet. Another stripe on the back of employees from their own government whip! But, it will never be seen that way. I loved it when the union thugs begged Øbama to step in and the idiots had already tied his hands with his Wookie´s movement to make everyone hate snack foods! And the baker´s unions gave thousands to Øbama to get him re-elected!!! I just love things like that.
Christmas miracle or sickly sweet PR stunt? Either way, it´s unlikely these WestJet passengers care after they had their wildest holiday wishes granted during a flight across Canada. Travelers pitching up at Toronto Pearson and John C. Munro Hamilton International Airports for flights to Calgary were surprised when a virtual Santa Claus asked what they wanted for Christmas. A promo video sees a variety of passengers telling Father Christmas their dream gift.With their wishes made, the footage shows them merrily taking their place on the aircrafts.
Sen. Lamar Alexander’s chief of staff, Ryan Loskarn, is under investigation for child pornography. The Republican Senator from Tennessee revealed Wednesday that law enforcement officers are searching Loskarn´s private residence. “I am stunned, surprised and disappointed by what I have learned,” the Senator said. Alexander, 73, made the announcement on Wednesday, indicating he "was just informed by the United States Senate legal counsel’s office" of the search. The staffer has been placed on administrative leave without pay.
RENO, Nevada- A couple and four young children missing in frigid weather since they went on an outing to play in the snow on Sunday were found alive in a remote mountain range in Nevada on Tuesday huddled in their overturned vehicle, a sheriff´s dispatch supervisor said. The couple had taken their two children and the woman´s niece and nephew, who range in age from 3 to 10, to an abandoned mining camp in the Seven Troughs range of northwestern Nevada, Pershing County dispatch supervisor Sheila Reitz said. The six were found in good condition and were treated for exposure
The troubled son of a church pastor who is a spiritual advisor to Barack Obama has died in an apparent suicide. Father-of-three Isaac Hunter, 36, had been battling problems since resigning from a Florida megachurch he founded after admitting to an affair with a staff member last year. A judge also granted his wife a domestic-violence petition after claiming his erratic behavior and alcohol abuse had left her ´fearing for my life and the lives of our three children.´ According to court documents, Hunter had written an undated suicide note saying: ´I have become what I never wished to be,
A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union. In a 36-page decision, U.S. District Judge Avern Cohn in Detroit said on Tuesday that the current GM did not assume any obligation for the payment, which the automaker had contracted to make two years before its June 2009 bankruptcy filing. The payment had been part of a June 2007 contract between the old GM, its former Delphi Corp affiliate and the UAW. It was not, however, included in a different
MOSCOW— A Russian Cabinet member says Moscow has reserved the right to use nuclear weapons in response to a conventional strike. Wednesday´s comments by Deputy Prime Minister Dmitry Rogozin carried by Russian news agencies reflected Moscow´s concern with prospective U.S. weapons. Weapons that have been developed in the U.S. under the so-called "prompt global strike" program would be capable of striking targets anywhere in the world in as little as an hour with deadly precision. Russia, which has lagged far behind in developing such weapons, has described them as destabilizing. Without naming the U.S., Rogozin said that those who "experiment
Pleasantly surprised and a bit shocked, I enjoyed religious Christmas carols playing in the elevator of a major hotel. Progressive bullies are relentless in their quest to repeal the celebration of Jesus´s birthday, Christmas, declared a federal holiday in 1870 by President Ulysses S. Grant. Illustrating the effectiveness of the progressives´ intimidation, anonymously, signs are being stealthily posted in public areas: "It´s OK to say Merry Christmas." The progressives´ assault on Christmas leads me to MSNBC-TV host Martin Bashir´s degrading and disgusting punishment suggested for Sarah Palin (i.e., that someone defecate in her mouth). While watching the deplorable MSNBC segment,
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.