Flowers Foods Completes Hostess Bread BuyoutFlowers Foods has completed its $355 million acquisition of several breads, bakeries and other assets from the Dallas-based company previously known as Hostess.
Twinkies Buyer Hungry For More Hostess CakesHostess previously picked Flowers Foods as the buyer for Wonder and other major bread brands; no competing offers were made in that case either. The sale of the breads and Twinkies still need to be approved in bankruptcy court on March 19.
Hostess Sells Bread Brands To Flowers FoodsHostess says it is selling most of its bread business, including the Wonder and Nature's Pride brands, to Flowers Foods Inc. for $390 million.
Hostess Reportedly In Talks To Sell Bread BrandsA newspaper is reporting that Flowers Foods and Bimbo are emerging as bidders for the bread brands of Hostess, which in the midst of a bankruptcy court liquidation of its assets.