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Hostess moves ahead with auction for Drake’s, Northwest bread brands
date:Mar 14, 2013
Hostess Brands, Inc. will conduct an auction on March 15 for its Drakes snack cake business and Sweetheart, Standish Farms, Grandma Emilies and Eddys bread businesses. The combined stalking horse bids for the assets total approximately $56.6 million.

Hostess declined to elaborate on further details, such as what companies or firms may have stepped forward to submit qualified bids for the businesses by yesterdays 5 p.m. EST deadline.

As it stands, McKee Foods Corp., Collegedale, Tenn., is the

12/24 03:35