Flowers Foods Inc. is considered a likely bidder for Hostess Brands Inc. and that could be good news for the Triad.
Hostess plans to start liquidating itself after another bankruptcy and a strike by union workers. The Wall Street Journal reports that Thomasville, Ga.-based Flowers (NYSE: FLO), the nation’s second-largest baker, recently renegotiated lending terms that may let it tap additional cash to make a run at Hostess, though Flowers hasn’t stated an intention to do that.
So why is that good for the Triad? As the High Point Enterprise reports, Flowers Foods is the largest employer in Jamestown. The company has 250 employees at a bakery off Greensboro Road.
Flowers also has a bakery in Winston-Salem.
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