date:Sep 23, 2013
ss obtained a U.S. Bankruptcy Court approval for the sale of the Drake's snack cake brand and certain related assets to affiliates of McKee Foods Corp. for $27.5 million. The dismantling of the iconic treat empire came after a weeklong strike left Hostess filing for bankruptcy in November 2012. The company was granted an emergency interim motion for the orderly wind down of its business and sale of its assets, including brands like Drakes and Dolly Madison.