date:Nov 30, 2012
Hostess Brands, Inc. received final approval today for its wind-down plan from the U.S. Bankruptcy Court in the Southern District of New York. The move paves the way for the Irving, Texas-based baker to wind down operations at 33 bakeries, 565 distribution centers, approximately 5,500 delivery routes, 570 bakery outlet stores and the loss of 18,500 jobs.
According to the Associated Press, a financial adviser told the court today that Hostess, which suspended bakery operations at all plants on