Hostess Sells Bread Brands
By: NBC NEWS
Updated: January 12, 2013
NBC NEWS -- Hostess has agreed to sell six of its bread brands for $390 million to flowers foods based in Georgia.
The deal includes the iconic wonder bread.
Hostess has been trying to sell off its assets under bankruptcy-court oversight.
It announced in November it was shutting down its business and selling its brands along with its 33 bakeries.
The company said a strike crippled its ability to maintain normal production. It's expected to announce buyers for its dessert cakes in the coming weeks.
The deal includes the iconic wonder bread.
Hostess has been trying to sell off its assets under bankruptcy-court oversight.
It announced in November it was shutting down its business and selling its brands along with its 33 bakeries.
The company said a strike crippled its ability to maintain normal production. It's expected to announce buyers for its dessert cakes in the coming weeks.
