January 14/New York/Associated Press -- Hostess has found a new home for its most popular breads, including the iconic Wonder bread.
The bankrupt maker of Twinkies, Devil Dogs and other snack cakes said it selected bids by rival bakery Flower Foods Inc. to buy six of its bread brands for $390 million. Flower Foods, based in Thomasville, Ga., is best known for Tastykakes but also makes breads including Nature’s Own and Cobblestone Mill.