date:Mar 04, 2013
s interested in purchasing its snack cake business and remaining bread brands.
Hostess Brands has been affected by increasing debts, soaring labour costs and the changing tastes of consumers; it filed for bankruptcy in January 2012 for the second time in its history, declaring assets of $982m and debt of $1.43bn.
In November 2012, Hostess received approval from the US Bankruptcy Court in New York to close its business and sell its assets.
Headquartered in Georgia, Flowers Foods is a producer