What a shame, especially for those losing their jobs due to this.
Hostess was a big part of my childhood... Twinkies, Ding Dongs, Chocodiles, Snowballs, Cupcakes, Suzy-Qs... and the fruit pies!
In the next town to me, we had some sort of a Hostess discount store... i think it was probably stuff that was about to go out of date, or something, and everything was like half price. My mom used to go there and stock up on all the cakes, pies and Wonder Bread, and bung it all in the freezer. Memories!