Gordian Group To Advise Hostess’ Bakery Union

corporate-bankruptcy

Amid talks of Mexico’s Grupo Bimbo purchasing Hostess Brands, Inc. the Bakery and Confectionery Union and Industry International Pension Fund have hired Gordian Group. Gordian Group is an investment bank that specializes in cases similar to the Hostess situation.

You will recall that Hostess Brands, Inc., filed for a liquidation bankruptcy after the Baker’s Union rejected an offer by the Corporation. You will also remember that people, right here in the Miami Valley made a mad dash to pick up the remaining boxes of Twinkies on the store shelves. At least they did in Troy, OH. But, I digress. Hostess is the maker of Twinkies and Ding Dongs.

The Gordian Group was hired by the Union and Fund because the sale of the brands will impact the rank and file of both groups. David Durkee, the chairman of the Bakers Fund, stated that “the Bakers are here to work with bidders in any way as our sole goal is to maximize jobs and pension benefits for our members.”

Money Talks

The sale of the iconic brand Hostess could raise $400 million or more, and Flower Foods has already agreed to pay $390 million for Wonder and other bread brands, including Nature’s Pride and Butternut.

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Here at Chris Wesner Law Office, LLC, we help individual consumers file bankruptcy, but we like to keep an eye on what is happening in the bankruptcy world at large.

If you or your family needs to get out from a mountain of debt or protect you and your family’s future, you need to speak with an experienced, empathetic, and knowledgeable attorney like the one at Chris Wesner Law Office, LLC. Give us a call to set up an in person or telephone conference for FREE. That’s right, FREE. Our initial consultation is 100% FREE, with NO STRINGS attached. There is NO FEE if you decide that bankruptcy is not for you. In fact, we OFTEN encourage our clients NOT to file bankruptcy.

Chris Wesner Law Office, LLC has offices throughout the Miami Valley including: Dayton, Xenia, Springfield, Troy, and Piqua with other offices expected to be coming soon like Sidney and Hamilton.

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