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Hostess Sells Bread Brands to Flowers Foods 1/12/13
Associated Press
January 12, 2013
NEW YORK - Hostess says it is selling most of its bread business,
including the Wonder and Nature's Pride brands, to Flowers Foods Inc. for $390
million.
The sale also includes 20 bakeries and 38 depots.
Irving-based Hostess announced in November that it was shutting down its
business and selling its bread, snacks and cakes brands along with its 33
bakeries.
The North Texas-based company's demise came after years of management
turmoil and turnover.
Other brands included in the sale are Butternut, Home Pride, Merita and
Beefsteak bread.
Flowers Foods is based in Thomasville, Georgia.