Hope for Hostess? Judge pushes sides into mediation
Hostess Brands Inc. will hold talks with its bakery workers’ union on Tuesday to explore the reasons for a strike that the maker of Twinkies and Wonder bread said will force it to liquidate.
Hostess Brands Inc. will hold talks with its bakery workers’ union on Tuesday to explore the reasons for a strike that the maker of Twinkies and Wonder bread said will force it to liquidate.
Other companies are interested in bidding for at least pieces of Hostess because of the high brand recognition and $2.5 billion in annual revenue. Twinkies alone have brought in $68 million in revenue so far this year.
Hostess Brands Inc. said Friday it will close all of its plants, leading to the loss of hundreds of jobs in Indiana and thousands more nationwide. The company employs 288 in Indianapolis.
Hostess Brands said it likely won't make an announcement until Friday morning on whether it will move to liquidate its business, after the company had set a Thursday deadline for striking employees to return to work.
The maker of Wonder bread and Twinkies said it doesn’t have the financial resources to survive the ongoing strike by the bakers’ union.
The maker of Wonder bread and Twinkies said it is permanently closing plants in Cincinnati, Seattle and St. Louis. The company has about 875 workers in Indiana, about half of them members of the striking bakers' union.
A Hostess spokesman said the company is debating whether it will close its Indiana plants after workers went on strike on Friday. Hostess employs about 875 workers in Indiana, including 288 in Indianapolis.
The maker of snack foods such as Pop Secret popcorn and Emerald nuts said it will close its Fishers plant, which it purchased in 2006 from Harmony Foods Corp., on Jan. 31.
Living Essentials, the producer of 5-hour Energy, announced Wednesday it would build and equip a plant in Wabash that could employ up to 200 people.
Hostess Brands Inc., the maker of Twinkies and Wonderbread, has received the go-ahead from a U.S. bankruptcy court judge to lower wages for thousands of bakery workers, affecting more than 400 employees in Indiana.
After just three years in business, Sun King finds itself the second-largest brewer in Indiana, behind only Three Floyds Brewing Co. in Munster, which produces about 23,000 barrels and also is growing quickly.
The Swiss company hasn't decided where in the United States it will put a new production line. If it chooses Anderson, employment at the plant would increase from 660 to about 760.
Seller of Bloody Mary mix adds new concoctions, broadens distribution to seven states.
An Ohio-based food manufacturer announced Monday morning that it plans to spend $28.5 million to expand a vacant food plant in eastern Indiana, creating up to 400 jobs by 2016. The plant was formerly used by Really Cool Foods.
Leaders of a central Indiana city are trying to persuade Nestle to pick it for a new production line at an existing plant that could add about 100 jobs.
Two central Indiana entrepreneurs are making a new spirit from an old crop—supplied largely by an Amish farmer who doesn’t drink alcohol. The product is Sorgrhum, a distilled liquor made from the syrup of sweet sorghum, a stalk-like grain used as a sweetener before sugar cane became widely available.
Sugar Creek Packing Co.'s $13 million bid was the only offer submitted for the plant, which is near Cambridge City in eastern Indiana.
Gov. Mitch Daniels plans to attend the groundbreaking for Farbest Foods' $70 million factory. The state dangled $3 million in incentives to attract the company.
Self-proclaimed “foodie” Sherri Campbell knew she was onto something when she started making frozen treats for her three dogs, but even she didn’t expect to win the inaugural Hottest Kitchen Entrepreneur Challenge.
Skjodt-Barrett Contract Packaging said it plans to add the jobs by the end of September, about a year earlier than expected, due to increased demand for its products. The company has 100 employees.