Kensington, MD, January 25, 2012 – In Response to the Recently-Concluded Court Hearing to Approve Stalking Horse Bidding Procedures for the Bread Business in the Hostess Bankruptcy, BCTGM International President David B. Durkee Issued the Following Statement on Behalf of all BCTGM Members:
“Today’s hearing on the stalking horse auction procedures for key bread assets sets the ground rules for a competitive bidding process for products including the Butternut®, Home Pride®, Merita®, Nature’s Pride® and Wonder® brands. Today’s announcements move these iconic brands one step closer to getting back to business.
The goal is clear: for new ownership to emerge that values these assets and is committed to quickly restoring them to shelves across America before any additional brand erosion occurs. The BCTGM is integral to this objective, as our members have the experience, expertise, and capability to provide “turn-key” operations going forward.
We look forward to an active and engaged process in this regard, and to discussions with all interested bidders across the Bread and Snack Cake businesses.”