Dive Summary:
- As early as this week, Hostess brand could be disclosing the companies that are bidding for liquidated assets and product lines stemming from the company's recent bankruptcy.
- Major retailers such as Grupo Bimpo, and Flowers foods are among the top names planning to bid for the Wonder bread product line.
- Other major retailers such as Walmart, Kroger, and even Kraft foods are said to be interested in Hostess products that includes Twinkies,
From the article:
"...Grupo Bimbo, the world’s largest breadmaker, is reportedly close to acquiring parts of bankrupt Hostess’ bread business, as Hostess winds down operations and sells assets.
Bimbo, as well as and Flowers Food, are in official talks, and Hostess may disclose the name of the bidders of the up-coming bankruptcy auction as soon as this week..."
