Hostess Brands Inc. has obtained U.S. Bankruptcy Court approval to sell its Drake’s snack cake brand as well as four of its northwest regional bread brands in two separate transactions totaling approximately $58.4 million in proceeds.
Rich Products Corp. expands its voluntary recall to all products manufactured at its Waycross, Ga., facility due to possible contamination with E. coli O12.1.
Grupo Bimbo, S.A.B. de C.V., Mexico City, says its Bimbo Bakeries USA Inc., Horsham, Pa., has completed its $31.9-million purchase of the Beefsteak brand, acquired as part of the Hostess Brands bankruptcy proceedings. Also, the company announces that CEO Daniel Servitje Montull will replace retiring Don Roberto Servitje Sendra as board chairman.
Leading consumer packaged goods industry CEOs and senior executives share their public policy solutions at the Grocery Manufacturers Association (GMA) Growth & Public Policy Summit on July 17 in Washington, D.C.
The Independent Bakers Association is preparing to comment on two new proposed rules under the authority of the Food Safety Modernization Act. It is accepting comments from IBA members until May 16.
The American Bakers Association hosted Rep. Richard Hudson for an informal discussion on food industry issues such as the sugar program, budget legislation and the Farm Bill.
The American Bakers Association’s Policy Committee chairs will examine how ABA can be effective despite gridlock in Washington during an All Membership Meeting at its upcoming convention in Florida.
Hostess Brands Inc. says the stalking-horse bid submitted by McKee Foods Corp. for the Drake's snack cake brand will be the bid presented for approval to the U.S. Bankruptcy Court; no other qualified bids were received for those assets. It also says the bid submitted by affiliates of Apollo Global Management and Metropoulos & Co. for the majority of the company’s snack cake business, including Hostess and Dolly Madison brands, will be the one presented for approval to the U.S. Bankruptcy Court; no other qualified bids were received for those assets.