date:Mar 18, 2013
d States Bakery has agreed to pay $30m for the brands, four bakeries, and 14 depots, plus certain equipment.
Other proposed transactions of Hostess include the sale of majority of its snack cake business to private equity firms Apollo Global Management and Metropoulos for $410m; the majority of the bread business assets to Flowers Foods for $360m; and assets related to the company's Beefsteak bread business to Grupo Bimbo for $31.9m.
Hostess Brands has been affected by increasing debts, soarin