Reuters: Flower Foods to buy Hostess bread brands - News, Weather, Sports, Toledo, OH

Reuters: Flower Foods to buy Hostess bread brands

(Toledo News Now) -

Portions of the Hostess brand could go under new management soon.

According to Reuters, Flowers Foods Inc. is set to buy Hostess bread brands, which includes Wonder bread, for a price of $360 million. A source close to the matter said no other bidder made a competitive offer.

The deal with Flowers Food Inc. is still subject to approval by a bankruptcy court, says Reuters.

Hostess shut down operations and sold its brands and bakeries in November 2012, after employees across the country began striking over a union-rejected contract.

At the Northwood plant, 160 employees lost their jobs. Nationwide, 18,000 employees lost their jobs.

"It's been slow and it's been tough," said Mark Popovich, who used to work at the Northwood plant. "We're just sitting and waiting and all trying to get employment."

But Popovich said the recent news has given him hope.

"It's good news because it'll be done and we can move on to see what the next step is with our old plant and what they're going to do," he said.

The Northwood plant is only about 14 years old and has been upgraded on a regular basis, according to Popovich. But that's not the only reason he thinks it would be beneficial to Flowers Foods to open the plant again. Putting the previous employees back to work could save them time.

"We know the whole operation, we've done it for years," he said. "There's a lot of experience there, a lot of knowledge."

Read more on Hostess:

Copyright 2013 Toledo News Now. All rights reserved.

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • Tickets available today for St. Jude Dream Home

    Tickets available today for St. Jude Dream Home

    Wednesday, May 16 2018 6:55 AM EDT2018-05-16 10:55:56 GMT
    (Source: WTOL)(Source: WTOL)

    Get ready to reserve your ticket tomorrow to win the beautiful Dream Home in Waterville, built by Buckeye Real Estate Group.

    More >>

    Get ready to reserve your ticket tomorrow to win the beautiful Dream Home in Waterville, built by Buckeye Real Estate Group.

    More >>
  • Celebrate holiday weekend with Memorial Day parade

    Celebrate holiday weekend with Memorial Day parade

    Thursday, May 24 2018 12:01 PM EDT2018-05-24 16:01:19 GMT
    Marchers walk in 2016 Memorial Day parade (Source: WTOL)Marchers walk in 2016 Memorial Day parade (Source: WTOL)
    Marchers walk in 2016 Memorial Day parade (Source: WTOL)Marchers walk in 2016 Memorial Day parade (Source: WTOL)

    The first unofficial weekend of summer is almost here, and what better way to spend it than at a parade?

    More >>

    The first unofficial weekend of summer is almost here, and what better way to spend it than at a parade?

    More >>
  • Plan your Memorial Day weekend -- area events

    Plan your Memorial Day weekend -- area events

    Thursday, May 24 2018 11:13 AM EDT2018-05-24 15:13:23 GMT
    (Source: WTOL)(Source: WTOL)

    Memorial Day serves as the unofficial kickoff to summer-type activities, and there is no shortage this long weekend of events ranging from the solemn to the celebratory. SATURDAY WTOL's River Run 10K starts at 7:30 a.m. on Summit Street Cedar Point Shores opens for the weekend at 9:30 a.m. Toledo's Memorial Day Parade steps off Downtown at 10:30 a.m. Fort Meigs' First Siege 1813 events; fort opens at 9:30 a.m. Wounded Warrior softball game takes place at Mercy Health Filed, 525 ...

    More >>

    Memorial Day serves as the unofficial kickoff to summer-type activities, and there is no shortage this long weekend of events ranging from the solemn to the celebratory. SATURDAY WTOL's River Run 10K starts at 7:30 a.m. on Summit Street Cedar Point Shores opens for the weekend at 9:30 a.m. Toledo's Memorial Day Parade steps off Downtown at 10:30 a.m. Fort Meigs' First Siege 1813 events; fort opens at 9:30 a.m. Wounded Warrior softball game takes place at Mercy Health Filed, 525 ...

    More >>
Powered by Frankly