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Flowers Foods selected as winning bidder for certain Hostess bread brands
date:Mar 04, 2013
s interested in purchasing its snack cake business and remaining bread brands.

Hostess Brands has been affected by increasing debts, soaring labour costs and the changing tastes of consumers; it filed for bankruptcy in January 2012 for the second time in its history, declaring assets of $982m and debt of $1.43bn.

In November 2012, Hostess received approval from the US Bankruptcy Court in New York to close its business and sell its assets.

Headquartered in Georgia, Flowers Foods is a producer

12/24 01:30