Subscribe Register Login

Wednesday, August 20, 2014, 2:15 a.m.
Top Picks - Mobile App

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

  • Data entry clerk

    The Circulation Department at the Arkansas Democrat-Gazette...
    Little Rock, AR

  • Admin assistant

    . Proficient/ advanced MS Office skills, Financial experienc...
    LITTLE ROCK, AR

  • Diesel shop foreman

    /Mech. El Dorado, ARManage & maintain field service operatio...
    EL DORADO, AR

  • Local deliveries

    driver-local deliveries and Equipment InstallationDatamax is...
    LITTLE ROCK, AR


  • Fayetteville, AR

Search 885 jobs >

Top Picks - Mobile App
Arkansas Online