Contact Us

A Beer Company May Save the Twinkee

The owner of a beer company may come to the rescue of a beloved classic snack.

When Hostess announced plans to liquidate, fans of the baked-goods company feared the fate of the Twinkie. But lovers of the cream-filled sponge cake, fret not: Twinkies may survive thanks to the owner of Pabst Brewing, Co.

C. Dean Metropoulos and Co., the firm behind Pabst Blue Ribbon, is considering making an offer to buy Hostess Brands, Inc., according to Bloomberg.

Daren Metropoulos said:

Our family would love to purchase these iconic brands. We are actively pursuing this deal as no doubt strategics will also. We have analyzed this opportunity very carefully for a few years now. Shedding the complications of the unions and old plants makes it even more attractive.

Metropoulos specializes in buying and revitalizing struggling brands like Chef Boyardee pasta products, PAM cooking spray, and Bumble Bee tuna. The firm purchased Pabst for $250 million in 2011, according to Forbes. It is North America’s largest privately-held brewer.

Other potential Twinkie saviors include McKee Foods, maker of Little Debbie snack cakes; Flower Foods, which owns Tastykake; and Canadian company Weston Foods, according to CNN.

On Friday, Hostess announced plans to liquidate after 82 years in response to a bakers strike, lagging sales and hefty debt.


Best of The Point

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Point Clique quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Point Clique contests, events, coupons, presales, and much more delivered to you for FREE.