Flowers Foods Makes Bid for Several Hostess Bread Brands - KTUL.com - Tulsa, Oklahoma - News, Weather & Sports

Flowers Foods Makes Bid for Several Hostess Bread Brands

Posted: Updated:

Wonder bread is one step closer to getting a new owner.
    
A person familiar with the situation who requested anonymity because the auction process is private says there will be no competing offers Thursday to a bid by Flowers Foods to buy several bread brands from Hostess.
    
The $360 million bid by Flowers also includes Nature's Pride, Butternut, Home Pride and Merita breads. An auction will still be held for a separate $30 million bid by Flowers for Beefsteak. Any sales require approval by a bankruptcy court.
    
Flowers Foods, based in Thomasville, Ga., makes Tastykakes and bread brands including Nature's Own and Cobblestone Mill. Hostess is also holding separate auctions for its snack cakes, which include Twinkies.

Hostess said late last year it would go out of business. Protests spread to Tulsa when the company gave employees new contracts that cut pay, raised insurance rates, and shrunk pensions. At least 100 Hostess workers were affected in Tulsa.

The union representing workers says it as given deep concessions for years and that Hostess's demise was the result of years of mismanagement.

The shut-down signals an end to iconic snacks like Twinkies and Ding Dongs for now. QuikTrip spokesman Mike Thornbrugh said QuikTrip is sad to no longer be able to carry the Hostess products in the future but anticipates another business will likely buy the popular snacks.


The Associated Press contributed to this report.

  • NewsMore>>

  • Moving On After Gateway Market

    Moving On After Gateway Market

    With the grocery store at Pine and Peoria no more, area residents and retailers are reflecting on the impact of Gateway's closing."Yeah I used to shop there all the time," said Ezra Alexander.With bags hanging from his bicycle, Ezra is still getting use to the new, longer commute for groceries."It'd be a lot easier you know I make trips for my mother out here over on Pine and Madison here," he said.Also getting adjusted to Gateway's absence is Anntinette Aldredge, who works right next door at...More >>
    With the grocery store at Pine and Peoria no more, area residents and retailers are reflecting on the impact of Gateway's closing."Yeah I used to shop there all the time," said Ezra Alexander.With bags hanging from his bicycle, Ezra is still getting use to the new, longer commute for groceries."It'd be a lot easier you know I make trips for my mother out here over on Pine and Madison here," he said.Also getting adjusted to Gateway's absence is Anntinette Aldredge, who works right next door at...More >>
  • Seminole Co. Woman Reported Missing Under Suspicious Circumstances

    Seminole Co. Woman Reported Missing Under Suspicious Circumstances

    Seminole County Sheriff's Office has issued an alert for a missing woman. 42-year-old Kendra Leann Campbell was last seen on Wednesday around 1:40 p.m. Campbell lives north of Seminole City, but is originally from Tahlequah and frequently goes back to visit. Sheriff's deputies believe the circumstances of her disappearance to be suspicious. She was last seen wearing a black shirt, blue jeans and sandals.Anyone with information is asked to call the Seminole County Sheriff's Office at 405-257-5...More >>
    Seminole County Sheriff's Office has issued an alert for a missing woman. 42-year-old Kendra Leann Campbell was last seen on Wednesday around 1:40 p.m. Campbell lives north of Seminole City, but is originally from Tahlequah and frequently goes back to visit. Sheriff's deputies believe the circumstances of her disappearance to be suspicious. She was last seen wearing a black shirt, blue jeans and sandals.Anyone with information is asked to call the Seminole County Sheriff's Office at 405-257-5...More >>
  • 'Luminous Objects' Exhibit Lights Up First Friday Art Crawl

    'Luminous Objects' Exhibit Lights Up First Friday Art Crawl

    First Friday Art Crawl is lit up with an illuminating new gallery at the Living Arts space in the Brady District today. 'Chandelier Other Luminous Objects' was the artistic challenge placed before contemporary Oklahoma artists two years ago. The overwhelming support and intrigued art lovers brought the challenge back for the Brady Arts District art crawl.Three dozen chandeliers are featured at the exhibit, including floor and wall installed artworks.Geoffrey Simpson, a local artist who works...More >>
    First Friday Art Crawl is lit up with an illuminating new gallery at the Living Arts space in the Brady District today. 'Chandelier Other Luminous Objects' was the artistic challenge placed before contemporary Oklahoma artists two years ago. The overwhelming support and intrigued art lovers brought the challenge back for the Brady Arts District art crawl.Three dozen chandeliers are featured at the exhibit, including floor and wall installed artworks.Geoffrey Simpson, a local artist who works...More >>

Most Popular

Stories
Videos
loading...
Powered by WorldNow

P.O. Box 8 Tulsa, OK 74101-0008

Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and KTUL. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.