TribLIVE

| USWorld

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Bidders including Thomas', Tastykake line up to buy Hostess

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Associated Press
Saturday, Jan. 5, 2013, 7:52 p.m.
 

NEW YORK — The makers of Thomas' English muffins and Tastykake snacks are emerging as two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, The Wall Street Journal reported on Saturday.

Hostess Brands Inc. could reveal as early as this week that Flowers Foods Inc. and Grupo Bimbo SAB are in discussions to acquire the bread brands, which also include Nature's Pride. The report said the brands could command $350 million.

Grupo Bimbo's brands include Arnold breads, Thomas' English muffins and Entenmann's cakes. Flowers Foods Inc.'s brands include Nature's Own breads and Tastykake snacks.

Hostess sells Twinkies, Ding Dongs and Ho Hos, along with Dolly Madison cakes, which includes Coffee Cakes and Zingers. Hostess also sells Devil Dogs, Funny Bones, and Yodels under the Drake's brand.

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.

Hostess declined to comment, as did Grupo Bimbo's U.S. division, Bimbo Bakeries USA. Bimbo's parent company is headquartered in Mexico. A message left with Flowers Foods, which is based in Thomasville, Ga., was not immediately returned.

Hostess said in bankruptcy court proceedings in December that it was narrowing the bids it had received and that it expects to sell off its snack cakes and bread brands to different buyers.

An attorney for Hostess said in court in December that 1,100 employees had been retained to shut down plants and perform other tasks as it winds down its operations.

The liquidation of Hostess will ultimately mean the loss of 18,000 jobs, not including those shed in the years leading to the company's failure.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Nation

  1. 2 women advance to final phase of Army Ranger training
  2. Obama to mandate steeper emissions cuts from power plants
  3. State Department accuses top Clinton aide of violations
  4. Food industry players fighting proposed dietary guidelines drop millions on lobbyists
  5. 4 dead, 65 sickened in Bronx by Legionella
  6. Marines finally ready to roll out controversial fighter jet
  7. Name of cop withheld in shooting of motorist in South Carolina
  8. Obama’s nuclear deal lobbying sways Democrats
  9. ‘Fast, Furious’ pistol was sold to gunman in foiled Texas terrorist attack
  10. Pressure mounts for Biden to join 2016 White House race
  11. Midwest farmers pessimistic of fall harvest amid damaging, long-term rain