The former Hostess Cake factory in Seattle has been sold for $10.5 million to Portland-based United States Bakery, better known as Franz Bakery, as part of a wider deal that will dramatically expand the family-owned firm’s Pacific Northwest operations.
The company received the green light earlier this month from the U.S. Bankruptcy Court in Manhattan to purchase all of Hostess Brands’ Northwest assets for $30.85 million in cash, court records show.
The purchase includes four bakery plants, 14 depots and a fleet of vehicles — a collection of assets scattered across Washington, Montana, Idaho, Alaska and Utah. Hostess also sold its Eddy’s, Grandma Emilie’s, Sweetheart and Standish Farms brands to the Portland company as part of the deal.
