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.

Business
New And Used Vehicle Sales Drop In June
  • 7/1/2025

New vehicle sales in Hamilton County dropped in June to 1,364, and used vehicle sales dropped to 4,308, according to figures from the County Clerk's office. That compares to 1,045 new vehicles ... more

Blue & Co. Expands Presence With New Office In Chattanooga
  • 7/1/2025

Blue & Co., an accounting and advisory firm, announces the grand opening of its newest office in Chattanooga. "Our expansion into Tennessee reflects our firm’s dedication to building strong ... more

New Hamilton County Business Licenses
  • 6/30/2025

Here are the new business licenses from the County Clerk's office: ABLE SERVICES EDWARD W MEDLIN 1218 WOODSAGE DR SODDY DAISY TN 37379 ANDREW'S PROFESSIONAL WINDOW CLEANING ANDREW PRESS ... more