Bimbo heart Twinkies
According to the Christian Science Monitor,
while food producers ConAgra and Flowers Food, the American company
behind Nature Valley granola, have expressed interest along with Little
Debbie baker McKee Foods, Mexico’s Grupo Bimbo may hold the inside
track.
Grupo Bimbo is the world’s largest bread-baking firm, which already owns parts of Sara Lee, Entenmann’s and Thomas English Muffins and
previously made what was considered a low-ball offer of $580 million a
few years ago, Forbes reports. Now Hostess may only be worth $135
million.
But I bet you didn't see this: the real reason the company was in trouble:
Economists say high sugar prices tied to US trade tariffs
were a big reason Hostess was struggling, but a Mexican company could
be a lifeline for Twinkies because it would be able to take advantage of
access to lower-priced sugar in Mexico.
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