KANSAS CITY, Mo. — Flowers Foods here has bid to acquire several of the bread brands and baking facilities from Hostess Brands for up to $390 million.
The company said it has offered $355 million for the Wonder, Butternut, Home Pride, Merita and Nature’s Price bread brands, along with 20 bakeries, 38 depots and other assets. That could be increased to $360 million if certain licensing rights are included.
It also bid another $30 million for the Be