A buyout firm is utilizing the bankrupt assets of Hostess Brands, Inc., and will start the process to get the famed snack cakes back on the market.
"Everything will be as delicious and fattening as it always was," Michael Crame, executive vice president of the new company, said.
Hostess Brands LLC, the newly formed buyout company, will reopen four bakeries in the next eight to 10 weeks, according to The Wall Street Journal That should put the company on track to distribute Twinkies and other Hostess treats like HoHos, Sno Balls and Ding Dongs by July.
The company plans to invest $60 million into the plants by September and hire more than 1,500 workers.
But not everything will return to the way it was: The employees will not be union workers, company Chief Executive C. Dean Metropoulos said.
"We're not going to invite the unions in. We don't have to do it," he said. Though, of course, nothing prevents the workers from unionizing on down the line.
Hostess Brands Inc., the company that used to employ more than 18,000 people, filed for Bankruptcy Court protection in January 2012.
Its largest union, the Teamsters, agreed to a new contract after a bankruptcy trial, but its second-largest union, the Bakery, Confectionery, Tobacco Workers & Grain Millers International Union, went on strike after the company tried to impose new contract terms, WSJ said. The company shuttered all of its bakeries in November.
The new company is set to begin hiring this weekend to resume operations at the company's bakery in Columbus, Ga., according to NBC. The other bakeries will be located in Emporia, Kans., Indianapolis and Schiller Park, Ill.