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Benzinga
Benzinga
Business
Shivani Kumaresan

Hostess Brands Plans To Add New Bakery In Arkansas

Hostess Brands Arkansas
  • Hostess Brands Inc (NASDAQ:TWNK) plans to convert an idled factory in Arkadelphia, Arkansas, into a bakery.
  • The company will invest $120 million - $140 million to transform the 330,000 square-foot facility.
  • The company expects the bakery to be operational in the second half of 2023 and create 150 new jobs over three years.
  • Hostess Brands anticipates the new bakery to increase its capacity across its bakeries on its Donettes and cake platforms by approximately 20%.
  • Price Action: TWNK shares are trading higher by 0.43% at $22.32 on the last check Monday.
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