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OsideGirl -> RE: A few Labor Leader, cost 18,500 people their jobs (11/19/2012 2:06:10 PM)
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quote:
ORIGINAL: slvemike4u
quote:
ORIGINAL: Lucylastic
In Canada, Saputo Inc., the country’s largest snack cake maker, and George Weston Ltd. already own the rights to some Hostess brands.
Weston’s senior vice-president of investor relations, Geoffrey Wilson, said the company is not interested in any Hostess assets that might come up for sale.
But Weston is keen on continued investment in and marketing of Wonder Bread, for which it owns the Canadian rights, rights that are not affected by events south of the border, he said.
“It’s a very good seller. It’s a very important brand to us,” he said.
Meanwhile, dairy giant Saputo – whose ownership of the Canadian rights to the Hostess brand name is also not threatened by the liquidation – isn’t saying whether it might take a look at some of the Hostess brands and facilities.
The breakup of Hostess certainly represents an opening for rivals eager to gain market share, said Lionel Ettedgui, president of Saputo’s bakery division.
“This will create opportunities for all the players in the market,” he said.
http://www.theglobeandmail.com/globe-investor/hostess-shuttering-us-business-but-canada-unaffected/article5365001/
Fucking Canadians.....trying to take over the Ding Dong concession [:@]
They were saying that Bimbo Bakeries was interested in buying...which leads to all sorts of available quips. But, I guess that won't happen due to anti-trust.
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