date:Oct 13, 2012
a competitive cost structure and fresh capital at our disposal, we can begin to make the kinds of investments in our business that is essential to our future success, Rayburn added.
Hostess filed for bankruptcy in January 2012, over high labor costs. Last week, it won court approval to force labor concessions. The new labor terms are expected to save the company more than $171m annually.
Hostess Brands operates 36 bakeries, 565 distribution centers, approximately 5,500 delivery routes and 570