Formerly known as Hostess Brands, the Old HB deal will include 20 bakeries and 36 depots.
Flowers expects to complete the transaction in the coming weeks.
In February 2013, the company announced that its agreement to purchase the assets from Old HB for $360m was declared the best and highest bid for such assets. In March 2013, the court overseeing the Old HB bankruptcy proceeding approved the sale.
© FoodBev Media Ltd 2024