Interstate Bakeries Corporation (fka IBCIQ)

[Stock]

Twinkies maker IBC moving headquarters to Dallas

10:26 PM CST on Wednesday, February 18, 2009
By KAREN ROBINSON-JACOBS / The Dallas Morning News
krobinson@dallasnews

The company that makes such household staples as Wonder Bread and Hostess Twinkies is moving its corporate headquarters to Dallas this spring to save money and find a few top executives.

Interstate Bakeries Corp., based in Kansas City, Mo., since 1930, will move 20 corporate positions to the Dallas area soon, spokesman Lew Phelps said Wednesday.

Most of the Dallas jobs – including chief executive – will be filled by transplanted Missourians. But a "small handful" will be filled locally, he said.

The company, which emerged from bankruptcy protection this month, settled on Dallas last week.

"There are a lot of people in and around Dallas that have the professional expertise that they need to get IBC firing on all cylinders and moving ahead," Phelps said.

He also said the company would save money with the move, but he could not detail how yet. He said the company did not get any government incentives and is not selling its headquarters building in Kansas City.

Dallas won't gain a lot of jobs with the move, but it does get bragging rights as the new home of one of the largest wholesale bakers and distributors in the United States.

The company, which also makes Dolly Madison Zingers and Donut Gems, has 41 U.S. bakeries and employs about 22,000 people. But it has no production facilities in Texas.

It filed for bankruptcy protection in 2004, burned in part by the low-carb craze, and emerged Feb. 3.

Phelps said the company will be looking for executives with experience in consumer packaged goods in North Texas. The area is home to Plano-based Frito-Lay Inc., the nation's largest snack maker, and the U.S. headquarters of Mexico-based Grupo Bimbo.

Grupo Bimbo, which makes Mrs Baird's bread, has a corporate office and baking facility in Fort Worth and a Tia Rosa tortilla plant in Grand Prairie. As of late 2008, the company had 1,225 workers in D-FW, a spokesman said.

Phelps said there are "no immediate plans to build any new production facilities in Texas or anywhere else" as the company tries to get back on track. He also said he did not foresee big growth in the headquarters' size anytime soon.

"This is not a big employment fair kind of thing," he said. "It's limited in scope."

He said the company already has begun holding interviews for the available Dallas slots.

http://www.dallasnews.com/sharedcontent/dws/bus/stories/021909dnbusibc.e6dea6.html

Comments (27)
Posted by babs1171 | 3 hours ago
They probably heard that we now deep fry our Twinkies at the TX State Fair....probably thought this would be "twinkie heaven"! Whatever the reason....YAY....TWINKIES AND JOBS FOR TEXAS!!!!!

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Posted by srchng4care | 3 hours ago
longhorn 4 life- so sad when your comment has to be followed by an explanation...lol before some of these weirdo's on here rip you apart

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Posted by MadHatter | 22 hours ago
I'm hoping they will make some oversized Twinkies because, well, we're Texas. That would be so cool!!!!

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Posted by PetLover | 23 hours ago
According to the Yahoo ad below, IBC stands for Intermediate Bulk Containers! BULK Hostess cupcakes! I'm in junk food heaven!

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Posted by PetLover | 23 hours ago
Oh, the Hostess cupcakes are calling my name! I wonder if they need a tech writer?

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Posted by SDinBigD | 23 hours ago
Can we get some Texas-shaped Twinkies out of the deal?

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Posted by MadHatter | 1 day ago
YAY!!!! I can't think of anything cooler than Texas Twinkies!!!!

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Posted by Longhorn 4 Life | 1 day ago
Hooray, just what Dallas needs...more twinkies and ding dongs! HAHAHA (sigh), I kill me sometimes. What, a girl can't poke fun at her hometown? :)

For the record, before I get accused of being anti-Dallas, I grew up here and love this place. I just have a very dry sense of humor, and couldn't resist the temptation of associating humorously named cream-filled baked goods with some of our residents.

Have a pleasant day everyone!

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Posted by Lynne9 | 1 day ago
Wish they'd put the banana flavoring back in their Twinkies

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Posted by monkeesee | 1 day ago
I eat lots o tweenkies and I got fat and stupid. I voted for Obama to change but I'm still stupid. I feel ripped off and fat and stupid now.

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Posted by kimmie | 1 day ago
mindyerbiz, I am SO gonna try that.

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Posted by laughingoutloud | 1 day ago
Does this mean the price of fried twinkies at the Texas State Fair will go down?

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Posted by MindYerBiz | 1 day ago
Next bake sale: pint of strawberries, box of Twinkies. Slice Twinkie lengthwise, put slices of strawberry along cream filling. Cha-ching!

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Posted by kimmie | 1 day ago
SARCASM

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Posted by somewhereintexas | 1 day ago
Interstate BAKERIES Corporation

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Posted by Anywherebutdwf | 1 day ago
Got to be close to their customers.

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Posted by jenni | 1 day ago
Hmm...wonder whatever happened to him?

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Posted by kimmie | 1 day ago
Jenni - No-I lost the coupon:(

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Posted by jenni | 1 day ago
Hey Kimmie...you were reading my mind...i was thinking the same thing. Hey, did you and Speakinwhatifeel ever go out on that date to LJS?

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Posted by kimmie | 1 day ago
I had no idea that Interstate Battery Corp made Twinkies!

Posted by jenni | 1 day ago
Either way...they're both equally awesome. Im gonna try surfin jesus' idea now!

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Posted by mesquite70 | 1 day ago
Interstate Bakeries Corp and Independent Breweries Company are not one in the same.

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Posted by chevyval | 1 day ago
Twinkies - had no idea anyone ate them anymore.No wonder there are so many fatties.

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Posted by jenni | 1 day ago
IBC...is that the same company that makes the root beer??

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Posted by snakefinger | 1 day ago
twinkies = fatties

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Posted by JG | 1 day ago
SWEET!

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