NEW YORK (AP) — Hostess says it is selling most of its bread business, including the Wonder and Nature’s Pride brands, to Flowers Foods Inc. for $390 million.
The sale also includes 20 bakeries and 38 depots.READ MORE: Shoppers Back In Stores This Black Friday, But Shopping Season Kicked Off Weeks Ago
Hostess, which is based in Irving, Texas, announced in November that it was shutting down its business and selling its bread, snacks and cakes brands along with its 33 bakeries and other operations.
The company’s demise came after years of management turmoil and turnover.READ MORE: 16 Units Damaged In 3-Alarm Apartment Fire In Fort Worth
Other brands included in the sale are Butternut, Home Pride, Merita and Beefsteak bread.
Flowers Foods is based in Thomasville, Ga.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)MORE NEWS: Frisco Firefighters Extinguish Kitchen Fire, Save Home From Blaze
Also Check Out: