NEW YORK – Hostess has found a new home for its most popular breads, including the iconic Wonder bread.
The bankrupt maker of Twinkies, Devil Dogs and other snack cakes said late Friday that it selected bids by rival bakery Flower Foods Inc. to buy six of its bread brands for $390 million. Flower Foods, based in Thomasville, Ga., is best known for Tastykakes but also makes breads including Nature’s Own and Cobblestone Mill.
Hostess is expected to announce buyers for its famed dessert cakes in coming weeks. The company has said a wide variety of parties have expressed interest in its brands, including national supermarket chains and the makers of brand name packaged foods.
Oh no! Will Tastykakes become a recession casualty! Philadelphia’s Tasty Baking Company is having serious financial difficulty, even after moving to the Navy Yard and into a state of the art, energy-saving new facility.
Read a humorous Daily News editorial on how to save Tasty Baking Company:
Tastykake has opened a new state of the art bakery in the Philadelphia Naval Business Center. If you love Tastykakes, watch this interesting 3 minute video about their new facility and future plans! Very interesting!