I don't think these products will disappear. Hostess makes quite a lot of money from sales but they've had financial troubles because of mismanagement and issues with labour etc, now that they're going into liquidation that means that anyone else with the cash can just come in and buy the rights. There are also several things the current owners can do to still retain product rights and even start up a new company etc. The ones that are going to lose out the most are actually the workers who may be left without jobs.
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