Bimbo Bakeries USA, the American arm of Mexican baking company Grupo Bimbo, has acquired the Beefsteak bread brand from Hostess Brands, the US-based bankrupt producer of bakery products, for $31.9m. The Beefsteak brand has been acquired ...
Tags: Bimbo, Hostess'Beefsteak Bread, Food
US snack food manufacturer McKee Foods has been selected as the leading stalking horse bidder to acquire Hostess Brands' Drake's snack cake business for $27.5m. Hostess Brands stated that the deal will be presented to the US Bankruptcy ...
Tags: Mckee Foods, Drake's Snack Cake, Food
Allen Shiver, president of US baker Flowers Foods, has been named the company's new CEO. Shiver, who has spent over three decades at Flowers, will replace George Deese in May. Deese, also Flowers chairman, will become executive chairman. ...
Tags: Allen Shiver, US baker Flowers Foods, CEO
Flowers Foods has expanded its market share in the wake of Hostess Brands move to wind down its operations. The US baker has been named the "stalking horse" bidder for the majority of Hostess Brands' bread business. While the assets will ...
Tags: Flowers Foods, bread business, Flowers
US baker Flowers Foods has delayed issuing guidance for 2013 until the outcome of its attempt to buy various assets, including bread operations from Hostess Brands, is clear. The company has been named the "stalking horse" bidder for ...
A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand. Apollo Global Management and Metropoulos submitted a US$410m offer for the Hostess ...
Hostess Brands, the bankrupt producer of bakery products in US, has selected affiliates of Apollo Global Management and Metropoulos as stalking horse bidders for majority of its snack cake business, including Twinkies brand. Apollo Global ...
Hostess Brands has named McKee Foods and United States Bakery as the stalking horse bidders for its Drake's cake business and various bread brands. In a statement released late yesterday (28 January), Hostess said that McKee Foods has ...
Tags: Hostess Brands, McKee Foods, Horse Bidders
Hostess Brands, the bankrupt producer of bakery products in US, has selected two stalking horse bidders, McKee Foods and United States Bakery, for its Drake's snack cake brand and Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's ...
News that Flowers Food has emerged as the "stalking horse" bidder for various Hostess Brands bread brands in the US caught our attention this week. Meanwhile, an entirely different kind of horse got tongues wagging on this side of the pond ...
Tags: Flowers Food, interview, just-food
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers has emerged as the "stalking horse" bidder that, if the ...
Tags: US, baker, Flowers Foods, Hostess Brands
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers will also take on 20 of Hostess' bakeries and ...
Tags: US, baker, Flowers Foods, Hostess Brands
US-based baking company Flower Foods has signed two agreements to acquire certain bakery assets of Hostess Brands. The value of the total deal is approximately $390m. One of the agreements includes purchase of the Wonder, Nature's Pride, ...
Tags: US, Flower Foods, agreements, bakery assets, Hostess Brands
Wal-Mart Stores, Kroger, Alpha Baking and Grupo Bimbo are seeking to acquire the assets that are being divested by Hostess Brands, the bankrupt producer of bakery products. The auction has attracted about 24 bidders. While some bidders ...
Tags: Wal-Mart, Hostess Brands'Assets
US retailers Wal-Mart Storesand Kroger are understood to be one of a number of bidders for the assets of US baker and Twinkies owner Hostess Brands. Hostess last month received court permission to wind down its business and sell ...
Tags: WalMart, Hostess Brands, bid, company news