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Meet The Guys Who Rescued Twinkies

  • 07.15.13 03:21 PM EDT

For a brief moment, snack food afficionados were in a panic: Hostess, the makers of Twinkies and a host of other American classics, had declared bankruptcy and were at risk of disappearing from shelves for ever. But, this being America, private equity stepped in and saved the day: Apollo Group Management and Metropoulos & Co. bought the snack food portion of Hostess and plan to breathe life back into the iconic cakes.