Follow The Republic:
The much-anticipated sale of several dozen Hostess-owned manufacturing plants, the Wonder Bread brand and other holdings to Flowers Foods will go before U.S. Bankruptcy Judge Robert Drain in White Plains, N.Y., on March 19.
Flowers of Thomasville, Ga., bid a total of $360 million for those assets, which include taking over the now-closed Dolly Madison plant in Columbus.
That facility once employed 200 people making doughnuts, cakes and other sweets for regional distribution.
No auction was necessary in connection with the $360 million proposal because no other competitors surfaced to try to best what Flowers had offered.
Find more details in Friday's Republic.
Think your friends should see this? Share it with them!
Note: All comments left on our sites are first reviewed by an automated comment moderation system. Your comment may take up to 5 minutes to appear. If for any reason your comment can not be approved you will receive an email from this system with a detailed explanation.
All content copyright ©2013 The Republic, a division of Home News Enterprises unless otherwise noted.