Industry News

Flowers Foods to win Hostess’ Wonder bread, reports Reuters

February 28, 2013

Flowers Foods Inc., Thomasville, Ga., is set to buy Wonder Bread and some other brands owned by Hostess Brands Inc. for $360 million, a source familiar with the matter told Reuters on Wednesday, Feb. 27, giving the No. 2 U.S. baking company a bigger slice of the fast-consolidating bread business.

Pending approval from a U.S. bankruptcy court judge, Wonder Bread, along with Butternut, Home Pride, Merita and Nature’s Pride, will go to Flowers after no other bidder stepped up to make a competing offer, the source said. Read the entire article at www.reuters.com/article/2013/02/27/us-hostess-flowers-idUSBRE91Q0TF20130227.

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