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Hostess courting bids for popular brands

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Hostess Brands, Inc. may be close to a deal to secure bidders for a cake business and four bread operations.

The deals could net the bankrupt company more than $50 million.

One deal would sell Drake’s Cake to McKee Foods, the parent company of  Little Debbie snacks.

A second deal would sell four hostess bread brands to the Franz Family Bakery.

A bidder for iconic snack brands such as Twinkies is expected soon.

Hostess is liquidating its assets, selling off everything from bakery brands and equipment to real estate.

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