Pine Bluff company files paperwork to buy Hostess - KATV - Breaking News, Weather and Razorback Sports

Pine Bluff company files paperwork to buy Hostess

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A Pine Bluff company wants to buy the now bankrupt Hostess Brand.

Cookies & Sweets Bakeries of Pine Bluff has filed a motion in a New York bankruptcy court to buy the Twinkie creator. Click here to read the entire motion.

Cookies & Sweets Owner James Davis says he hated the idea of seeing thousands of Hostess employees lose their jobs and thinks buying the business could help him send his products around the globe.

Davis, however, admits he has previously run into some financial troubles with the state of Arkansas. The Secretary of State's website lists Cookies & Sweets Bakeries corporation status as "revoked" because its franchise taxes have not been paid, but Davis says it's just a misunderstanding he's working to clear up.

Those issues aren't slowing him down. He describes himself as a "visionary," likening himself to Sam Walton and Walt Disney. 

Davis was born and raised in Detroit, Michigan, but came to Arkansas on a band scholarship to the University of Arkansas at Pine Bluff. The Cookies & Sweets bakery began in Pine Bluff but that location is now closed.

As for how to fund the purchase of Hostess, Davis says he has several plans. He is considering an initial public officering on the stock market or acquiring bonds.

If the purchase is completed, Davis says he plans to build a new bakery in Arkansas. Both Pine Bluff and Little Rock are potential locations, but he said, "Any good spot would work."

The first step, however, is to secure Hostess. Davis says he's already spoken to a former Hostess employee from Ohio about the possibility of going back to work and told her "to be hopeful."

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