Content about Hostess Brands

March 15, 2013

Hostess Brands on Thursday announced that the stalking horse bid submitted by McKee Foods for the Drake's snack cake brand will be presented for approval to the U.S. Bankruptcy Court, as no other qualified bids were received for those assets.

KANSAS CITY, Mo. — Hostess Brands on Thursday announced that the stalking horse bid submitted by McKee Foods for the Drake's snack cake brand will be presented for approval to the U.S. Bankruptcy Court, as no other qualified bids were received for those assets.

McKee has agreed to pay $27.5 million for the Drake's brand and certain equipment. Drake's products include Ring Dings, Yodels, Devil Dogs, Yankee Doodles, Sunny Doodles and Drake's Coffee Cake.

February 27, 2013

According to published reports, Flowers Foods is set to buy Hostess bread brands, including Wonder bread, for $360 million after no other bidder came forward with a competing offer, a source familiar with the sale acknowledged Wednesday.

NEW YORK — According to published reports, Flowers Foods is set to buy Hostess bread brands, including Wonder bread, for $360 million after no other bidder came forward with a competing offer, a source familiar with the sale acknowledged Wednesday.

According to a Reuters report, Hostess, which went bankrupt last year, was scheduled to host an auction on Thursday for the brands — which also include Butternut, Home Pride, Merita and Nature's Pride — but as no other bids were announced, the company will not go through with an auction.

January 28, 2013

McKee Foods, makers of Little Debbie snack cakes, is offering $25 to $30 million for Hostess Brands Inc.'s Drake's brand, according to published reports.

CHATTANOOGA, Tenn. — McKee Foods, makers of Little Debbie snack cakes, is offering $25 to $30 million for Hostess Brands' Drake's brand, according to published reports. Hostess filed for Chapter 11 bankruptcy protection in January 2012.

January 14, 2013

Hostess Brands has chosen a stalking-horse bidder for its bread business, the bankrupt baking company said.

KANSAS CITY, Mo. — Hostess Brands has chosen a stalking-horse bidder for its bread business, the bankrupt baking company said.

Hostess, which declared bankruptcy in November 2012 following a long standoff with one of its labor unions, said it had chosen Flowers Foods as the stalking-horse bidder; the company plans to solicit bids from other companies as well.

December 14, 2012

Kroger and Walmart may be looking to buy up assets from bankrupt food company Hostess Brands, according to published reports.

NEW YORK — Kroger and Walmart may be looking to buy up assets from bankrupt food company Hostess Brands, according to published reports.

November 16, 2012

Hostess Brands, the maker of Twinkies and Ho Ho's, is closing down amid a union strike that the company said forced it to halt operations.

IRVING, Texas — Hostess Brands, the maker of Twinkies and Ho Ho's, is closing down amid a union strike that the company said forced it to halt operations.