date:May 16, 2014
perienced pressure since the return of Hostess cake to the market in mid-July 2013. However, we are pleased to have maintained a significant portion of the total cake business we gained following Hostess liquidation in November 2012.
In March, we announced plans for the closed bakeries we acquired from Hostess. We have listed nine closed bakeries and 21 warehouses for sale. When those transactions are completed, annual carrying costs for the Hostess facilities will be reduced by approximately