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Wonder Bread, Twinkie, Hostess saved by Flowers Foods Inc. in $360M purchase: report

Posted at 1:20 PM, Feb 27, 2013
and last updated 2013-02-27 13:32:34-05

wonder-bread

Long live Hostess.

The bankrupt bakery company, which makes Wonder Bread and Twinkie, is slated to be purchased by Flowers Foods Inc., a report said Wednesday.

Flowers Foods reportedly snagged Hostess for $360 million after no other bidder made a competing offer.

The purchase is pending approval from bankruptcy court.