Flowers Foods considered likely bidder for some Hostess assets
Flowers Foods Inc., Thomasville, Ga., the maker of Tastykake and Nature's Own baked goods, is considered a likely bidder for some of the assets owned by Hostess, which last week was granted permission by a federal bankruptcy court judge to begin liquidating. Hostess’ end came after a contentious bankruptcy that began in January and culminated in a strike in November.
Flowers, the nation's second-largest baker by sales behind Grupo Bimbo SAB de CV, Mexico, City, hasn't stated an intention to acquire Hostess assets, but the company said last week that it had renegotiated lending terms that could allow it to tap additional cash, a signal that it could be gearing up to make a bid.