Sprawling Bakery Site Back on the Market

The former Hostess Brands bakery site in Biddeford, Maine, has been put back on the market with an asking price of $11.7 million

The former Hostess Brands bakery site in Biddeford, Maine, has been put back on the market with an asking price of $11.7 million.

Hostess filed for bankruptcy and shut down the factory in 2012, putting 380 people out of work. The facility was beset by years of financial problems and a strike.

A New York-based private equity firm that specializes in buying and selling food manufacturing facilities and other corporate assets bought the site for almost $7 million last month and a week later put it back on the market.

The property includes a 265,000-square-foot building and a 40-acre lot.

Daniel Stevenson, Biddeford's director of economic development, tells the Portland Press Herald that the sale of the site for commercial use would be good news for the community.
 

Copyright AP - Associated Press
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