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