Hostess Brands

Prof Cloverdale / Flickr--CC

The investment firms that bought Hostess brand snack cakes for $185 million three years ago are about to make bank on the recovering Kansas City-based company. The firms announced Tuesday that they’d reached a deal to sell a majority of the company for $725 million.

Sarah Rose/Flickr-CC

Hostess Brands is recalling more than 700,000 cases of Ding Dongs and other products after tests revealed trace amounts of peanut.

The FDA warned consumers with severe peanut allergies to avoid the affected Hostess products, which includes varieties of the company’s doughnuts, Ding Dongs, Chocodiles and Zingers.

The Kansas City-based company sold the cakes to distributors and stores in the United States and Mexico. Two children have suffered allergic attacks after eating the snack foods.

Flickr user Christian Bale

Grocery chains across Missouri are running out of Twinkies and other Hostess products, following Friday's announcement that the company is going out of business.