Hostess Is Going Out of Business - Starting ... NOW
They have already shut down all production operations. The outlet stores are still available to sell the products which have already been baked.
Some of their iconic American brands: Wonder Bread, HoHos, Ding Dongs, Twinkies, Hostess Cupcakes, Sno-Balls.
Presumably their recognized brands have value and will be acquired by other companies, but that process may take some time, and those famous names will be absent from supermarket shelves for an undetermined period.