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Hostess Brands has chosen McKee Foods, owner of the Little Debbie brand, as the stalking horse bidder for Drake’s cakes. Drake’s cakes products include Devil Dogs, Funny Bones and Yodels. McKee offered $27.5 million in cash in the transaction. McKee’s bid includes some equipment but not the Drake’s bakery in Wayne, NJ. McKee plans to continue producing Drake’s products in Stuarts Draft, VA. Hostess also chose United States Bakery, Inc. as the stalking horse bidder for its remaining bread brands at $28.9 million.
The Food Defense Strategy Exchange (FDSE) is a forum for food defense professionals to interact and share their knowledge and experiences. At the most recent FDSE, a poll of attendees revealed that approximately two-thirds were either re-evaluating their existing food defense plan, or implementing new food defense plans. In this podcast, Don Hsieh, Director of Commercial and Industrial Marketing at Tyco Integrated Security, discusses this topic and other findings from the exchange, and offers some best practices to proactively protect a company’s brand from food adulteration.
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