A bankruptcy judge approved the sale Hostess brands this week, including a 360 million dollar deal for Flowers Foods to acquire Wonder Bread, Nature's Pride, Butternut, Home Pride and Merita.
Part of the Flowers Foods deal reportedly includes buying 20 bakeries and nearly 40 depots. KWWL reached out to the company about possible impact to the Waterloo area, but phone and email messages have not been returned as of Wednesday evening.
Steve Dust from the Greater Cedar Valley Alliance and Chamber says at this time there's no word about plans ahead for the Wonder Bread Bakery in Waterloo that laid off workers late last year. But Dust says he's been in contact with Flowers Foods to try and push them to continue operations in Waterloo. Any decision to hire back workers at any of the bakeries involved in the acquisition will be up to Flowers Foods.
When it comes to Hostess desserts, Twinkies, Ding Dongs and Ho Hos may be back on store shelves this summer. Apollo Global Management and Metropoulos & Co. acquired the brands in a $410 million dollar deal.
Sunday, March 9 2014 10:45 PM EDT2014-03-10 02:45:03 GMT
Area women enjoyed lunch together as part of the Women to Women Career Mentoring Program.More >>
Area women enjoyed lunch together as part of the Women to Women Career Mentoring Program. The program started in the spring of 2011 as a project of the Cedar Valley United Way's Women Philanthropy Connection (WPC).More >>
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