Hostess lines up bids for Drake’s snack cakes and bread brands

McKee Foods and United States Bakery are expected to offer $27 million each

The infamously bankrupt Hostess Brands Inc. unloaded some of its brands earlier this month onto Flowers Foods, and is now about to receive initial bids for some of its bread brands and its Drake’s snack cakes. An anonymous source told Thomson Reuters that the deals may be officially announced later today.

McKee Foods, the maker of Little Debbie snack cakes, and United States Bakery Inc., also known as Franz Family Bakery, are both expected to offer about $27 million to purchase Drake’s and the bread brands, respectively.

Join the Conversation

Advertisement. Closing in 15 seconds.