Auctions of Hostess Brands' Assets Nationwide Begins October 30th

      Auctions of Hostess Brands' Assets Nationwide Begins October 30th

Rabin Worldwide and Capital Recovery Group to conduct coast-to-coast vehicle
and equipment auctions at over 90 locations

PR Newswire

SAN FRANCISCO, Oct. 28, 2013

SAN FRANCISCO, Oct. 28, 2013 /PRNewswire/ --Rabin Worldwide Inc, a San
Francisco industrial auction company, in conjunction with Capital Recovery
Group, a Connecticut industrial auction and appraisal firm, will conduct
multiple auctions for the remaining assets of former Hostess factories on
behalf of Hackman Capital Partners. After Hostess Brands ceased operations in
November 2012, many of its brands and factories, such as Twinkies and Wonder
Bread, were immediately sold to competitive producers. Hostess Brands later
won court approval to sell the rest of its assets at auction and Hackman
Capital Partners purchased the remaining real estate, bakery equipment, and
fleet assets located in 34 states.

(Photo: http://photos.prnewswire.com/prnh/20131028/SF05673)

In addition to seven complete Hostess factories that produced Twinkies,
Cupcakes, and Wonder Bread, the auction will include more than 3000 trucks and
trailers at over 90 additional locations. Many of these trucks were
responsible for delivering Twinkies and other treats from the regional
distribution centers to local convenience stores. A series of factory
auctions will be held both online and live over the next 3 months beginning
October 30^th in Los Angeles. The remaining auctions will be held in St.
Louis, Cincinnati, Oakland, and Philadelphia.

"The amount of interest in these auctions is unprecedented," said Richard
Reese, President of Rabin Worldwide. "The nostalgia for Hostess Brands has
attracted a lot of attention to the sales, and we hope it will strengthen
bidding. Many of us Boomers who had brown bag lunches at school had our
sandwiches made on Wonder Bread and our favorite Hostess treat for dessert,"
Reese reminisced.

Rabin Worldwide and the Capital Recovery Group specialize in multiple location
liquidations throughout North America. Similar auctions include Braniff
Airlines, Montgomery Ward, and the Railway Express Agency. Complete listings
and auction schedules can be found online at rabin.com.

SOURCE Rabin Worldwide

Website: http://www.rabin.com
Contact: Michelle Denenkamp, 4155225700, michelle@rabin.com
 
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