- Associated Press - Wednesday, November 5, 2014

BIDDEFORD, Maine (AP) - The former Hostess Brands bakery site in Biddeford 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 (https://bit.ly/10lDrK4 ) that the sale of the site for commercial use would be good news for the community.


Information from: Portland Press Herald, https://www.pressherald.com

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