Flowers Foods gets approval to buy Hostess - WALB.com, South Georgia News, Weather, Sports

Flowers Foods gets approval to buy Hostess

THOMASVILLE, GA (WALB) -

From Flowers Foods press release

Flowers Foods, Inc. confirmed Monday afternoon it has received regulatory approval pursuant to the Hart-Scott-Rodino Act to acquire the Wonder, Nature's Pride, Merita, Home Pride, and Butternut bread brands; 20 bakeries; and 36 depots from Old HB, Inc., formerly known as Hostess Brands.

Flowers expects to complete the transaction in the coming weeks.

In February 2013, the company announced its agreement to purchase the assets from Old HB, Inc. for $360 million was declared the best and highest bid for such assets.

In March 2013, the court overseeing the Old HB, Inc. bankruptcy proceeding approved the sale.

 

 

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