|Hostess sale complete|
|Written by Sentinel-Tribune Staff|
|Thursday, 29 August 2013 09:26|
NORTHWOOD - A Georgia food company's acquisition of the city's former Hostess plant and retail outlet was finalized last week.
Flowers Foods Inc., of Thomasville, Ga., announced plans in February to purchase many of Hostess' assets, including 20 bakeries, 36 depots and five brands including Wonder Bread, for $355 million.
Officials said the company plans to use the assets to move its products into new markets; however, an online document states it will reintroduce its new brands through production at its existing bakeries rather than those recently acquired.
Flowers Foods said it hopes to reopen bakeries as demand increases and additional capacity is needed. It is one of the largest producers of packaged bakery foods in the country with 2012 sales of more than $3 billion, according to its website.
The Northwood facilities, totaling about 30 acres, were acquired for just over $8 million, according to recent real-estate transfers. The plant is located on Wales Road next to Interstate 75, with the outlet to the east on Woodville Road near Interstate 280. The plant's 158 former employees mostly produced Butternut, Nature's Pride and Wonder bread products.
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