McKee Foods Corporation Named As Winning Bidder For Drake’s Snack Cakes

Thursday, March 14, 2013

Hostess Brands Inc. on Thursday announced that the stalking horse bid submitted by McKee Foods for the Drake’s snack cake brand will be the bid presented for approval to the U.S. Bankruptcy Court as no other qualified bids were received for those assets.

“We know that Drake’s Cakes are unique baked goods that have a loyal following,” said Mike McKee, president and CEO. “McKee Foods is a family-owned bakery, similar to how Drake’s was established as a family bakery 125 years ago. We have generations of experience in baking, and we will strive to bake the Drake’s cakes, not just for taste and quality, but also to deliver on the memories of the loyal Drake’s fans.”

McKee Foods has agreed to pay $27.5 million for the Drake’s brand and certain equipment. Drake’s products include Ring Dings, Yodels, Devil Dogs, Yankee Doodles, Sunny Doodles and Drake’s Coffee Cake. Hostess will ask the U.S. Bankruptcy Court for the Southern District of New York to approve the transaction at a hearing on Tuesday, April 9. No part of the sale will be final until this approval is granted.



Chattanooga Police Department Sponsors Crime Prevention Training For Business Owners And Managers

The Chattanooga Police Department is sponsoring free crime prevention training primarily designed for business owners and managers who are interested in making their facility and employees as safe as possible. A nationally-accredited Crime Prevention specialist from the University of Tennessee’s Law Enforcement Innovation Center will cover the following topics during the four-hour ... (click for more)

TVA Opens Public Comment Period On Scope Of Integrated Resource Plan Update

The Tennessee Valley Authority kicked off a public comment period on Feb. 15, related to the initial process phase for updating its Integrated Resource Plan, the agency’s long-term energy resource strategy.  To ensure that the full range of issues and a comprehensive portfolio of energy resources are addressed, TVA invites members of the public, customers, businesses, employees, ... (click for more)

Witness Says Christopher Turner Shot Jamichael Eddins Multiple Times After He Was Already Down At Carousel Road

Police said Christopher Lashawn Turner stood over 24-year-old Jamichael Eddins on Carousel Road late Tuesday afternoon and fired multiple shots into him after shooting him moments before.   Turner, 26, of 1203 Sholar Ave., was charged with criminal homicide, aggravated assault, reckless endangerment and possession of a firearm.   Randall Davenport, 28, was ... (click for more)

County Commission Approves Sizable Pay Increase For Magistrates

The County Commission has approved a sizable pay raise for its four magistrates, taking them from the current $66,000 per year to $92,000 by 2021. The raises will take effect beginning with new terms for magistrates. Two of the current magistrates are up for re-appointment in May. Their pay level will become $80,000. It will rise by $4,000 per year until reaching the $92,000. ... (click for more)

Reflections On Billy Graham

Sandra and I are saddened this morning after learning of the death of Billy Graham. We rejoice today, because Mr. Graham once said "It will be reported that Billy Graham has died, but that won't be the truth. He said the truth is that he had only moved to a new location".  I remember when we named 15th Street as Billy Graham Avenue, his daughter Gigi came for the dedication ... (click for more)

Roy Exum: One Principal’s Reaction

On the morning after the mass shooting in Florida last week, a 17-year-old at Ledyard High School in Connecticut made an offhand comment during his first period class, “I could buy an AR-15.” At that, all the teachers panicked. Really. The school was soon so rattled by the comment the principal called the cops. And those five words got the child shackled, taken into custody, and ... (click for more)