Tastykake Headin' Down to Georgia

By Tom McDonald / NewsWorks
Add Comment Add Comment | Comments: 1 | Posted Apr. 11, 2011

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An agreement has been reached to sell a Philadelphia institution to a Georgia-based company.  

The goal is to keep Tastykake alive and expand its reach. Thomasville, Ga.-based Flowers Foods has agreed to buy the struggling baking company for about $34 million in cash plus assumption of debts. The total deal is worth $165 million. Mary Krier is a spokesperson for Flowers Foods.

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1. Bye!!!!!!!! said... on Apr 12, 2011 at 09:22AM

Like Charlie Daniels said in the song (THE DEVIL WENT DOWN TO GEORGIA)”


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