CDA member Hostess Brands announced last week that it has entered into a definitive agreement to sell Superior Cake Products to Sara Lee Frozen Bakery. Hostess is selling the in-store bakery business it acquired in 2016 in a $65 million cash transaction. For details, see the official release.
The Convenience Distribution Association (CDA) is the trade organization working on behalf of convenience products distributors in the United States. Its distributor members represent more than $102 billion in U.S convenience product sales, serving a wide variety of small retail formats. Associate members include leading convenience product manufacturers, brokers, retailers, suppliers and others allied to the industry.