Subscribe Register Login

Thursday, December 18, 2014, 1:37 p.m.
Top Picks - Arkansas Daily Deal

McKee Foods seeking Hostess’ Drake’s brand, report says

By The Associated Press

This article was published January 26, 2013 at 3:40 p.m.

— A published report said McKee Foods Corp. is offering to pay between $25 million to $30 million to acquire the Drake’s brand from Hostess Brands Inc.

The report late Friday in The Wall Street Journal cited unnamed people familiar with the negotiations between the two packaged food companies. McKee, based in Collegedale, Tenn., makes Little Debbie snack cakes.

Hostess, based in Irving, Texas, is filling bids for its brands in stages after announcing in November plans to close its business. The bids set a floor for an auction process that lets rivals make better offers.

Hostess said Friday that it expects to unveil a bidder for Drake’s snack cakes, which include Devil Dogs and Yodels, next week.

McKee spokesman Mike Gloekler declined to comment on the report Saturday.

An email and phone call to a Hostess representative was not immediately returned.

Comments on: McKee Foods seeking Hostess’ Drake’s brand, report says

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Asst. manager

    welcome center assistant manager,Arkansas Welcome Center, Te...
    MENA, AR

  • Inside sales manager

    for martial arts supply companyMartial Arts Supply company ...
    LITTLE ROCK, AR

  • Accountant

    Accounts Payable The City of Conway is seeking candidates fo...
    CONWAY, AR

  • Carriers

    carriers wanted Make extra money delivering the arkansas dem...
    Searcy, AR

  • Warehouse/delivery

    warehouse/delivery - Must have good driving record. Great pa...
    BRYANT, AR

Search 721 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online