Thomasville, Ga.-based Flowers Foods Inc. has signed two asset purchase agreements with Hostess Brands Inc., Irving, Texas, for numerous Hostess bread brands, bakeries and depots.
Grupo Bimbo SAB, Mexico City, and Flowers Foods, Thomasville, Ga., are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as Irving, Texas-based Hostess Brands Inc. tries to sell off its assets under bankruptcy-court oversight.
The maker of Tastykake and Nature's Own baked goods may be a likely bidder for some of the assets owned by Hostess, which could help it expand geographically.