GREENWICH, Conn. -- A federal bankruptcy court judge approved the sale of Twinkies, Ding Dongs, Sno Balls and other Hostess snack brands late Tuesday to two investment firms run by Greenwich and Bedford, N.Y., residents.
Hostess Brands, which had a factory in Elmsford, N.Y., went bankrupt in 2012 and agreed to liquidate after a strike prompted by a pay cut could not be resolved.
Former Hostess employees may have a shot at jobs with the new owners, the Huffington Post reported. Mark Semer, a spokesman for Metropoulos, said they would hire "the most qualified employees for each of our facilities, and this certainly includes many excellent, former Hostess workers."
The new owners of the iconic snack food brands will be Metropoulos & Company, based in Greenwich, and Apollo Global Management, the chairman of which is Bedford private equity heavyweight Leon Black.
C. Dean Metropoulos, who leads the firm that bears his name, works in Greenwich with his sons, Evan and Daren.
The sweet treats could be back on store shelves by June, the Huffington Post reported.