Who would have thought that the company that makes Twinkies would go bankrupt?
KANSAS CITY, Mo. (AP) - Interstate Bakeries Corp. (IBC), the nation's largest wholesaler baker whose products include Twinkies and Wonder Bread, filed for Chapter 11 bankruptcy protection early Wednesday. The company also named a new chief executive.
The electronic filing, made shortly after midnight with the U.S. Bankruptcy Court for the Western District of Missouri in Kansas City, listed assets of $1.626 billion and liabilities of $1.321 billion.
I love twinkies.
Posted by: LB at September 24, 2004 10:13 AM