Flowers Said to Win Wonder Bread After No Competing Offers

Flowers Foods Inc., maker of packaged bakery foods, will buy the majority of the bread-making business of bankrupt Hostess Brands Inc., including its Wonder bread brand, a person familiar with the situation said.

Flowers, based in Thomasville, Georgia, will pay about $360 million for Hostess’s Wonder, Butternut, Home Pride, Merita and Nature’s Pride brands, 20 bread plants, 38 depots and other assets, after no other competing offers were submitted. Tomorrow’s planned bankruptcy auction will be canceled.