Private equity firm Sun Capital Partners wants to buy bankrupt bakery Hostess Brands Inc., Fortune has learned.
The proposal would be to operate Hostess as a going concern, including reopening the shuttered factories and continuing union representation of Hostess workers.
Sun Capital privately expressed interest in acquiring Hostess earlier this year, but the bakery's creditors chose for an alternate reorganization plan that ultimately failed. Following Friday's liquidation, Sun reengaged by contacting Hostess advisor Perella Weinberg Partners. It also plans to contact the relevant labor unions.
Read - Exclusive: Sun Capital wants to buy Hostess
Previously - Take my snack cakes? Over my blinded, bloated body! and Stay gold, Twinkie the Kid. Stay gold.
Judge ordered Hostess and Bakers Union to negotiate just breaking news.
Weird, that's how business works?...I thought everyone just got bailed out by the government?
Glad I may yet have a chance at tasting the fabled fried Twinkie!
If it is anything close to a fried Oreo, it is simply amazing.