February 26, 2014 |
As an independent company, Tasty Baking Co. didn't quite make it to Tuesday's 100th anniversary, selling out to Flowers Foods Inc. in 2011 for $141 million to avoid bankruptcy. But nearly three years after the rescue, the Tastykake brand - which drips nostalgia in the Philadelphia region, but had failed to break through nationally - has renewed strength. The Flowers bailout has given workers at Tasty's bakery in South Philadelphia and delivery-route owners throughout the Mid-Atlantic the chance to celebrate the brand's centennial.
November 17, 2012 |
With the imminent closing of the Hostess plant in Northeast Philadelphia, several hundred people are expected to lose their jobs in the region and thousands nationwide. There's nothing funny about that. The loss of anyone's job is a sad affair, and it's only compounded with Thanksgiving falling next week and the holidays just around the corner. But Hostess has always been an also-ran in the Philadelphia region. This is Tastykake territory. Hostess had a power lineup of Twinkies, Ding Dongs and Ho-hos.
January 24, 1987 |
What do you get when you cross a Hostess Twinkie with a Drake's Cake? A federal court order more than 60-pages thick that will give Ralston Purina indigestion. U.S. District Judge John P. Fullam yesterday ordered Ralston Purina, which owns Hostess' parent company and in July bought Drake Baking Co. from Borden, to divest itself of Drake. Hostess and Drake are the two chief competitors of Tasty Baking Co., of Philadelphia, makers of Tastykakes. After hearing arguments that the combination of the two snack-food giants would create a monopoly, threatening Tasty's ability to compete, the judge wrote, "The public has good reason to fear the consequences of defendant's acquisition.
January 6, 2011 |
YEARS FROM NOW, I will remember where I was when I heard yesterday's shocking news. I was sitting right here at the Daily News when I learned that Tastykake, financially teetering after a brutal fourth quarter, announced that it may have to merge with another company or - gasp! - sell itself. Merge this Philadelphia icon with some out-of-town pretender pushing snacks like Drakes or, Lord help us, Little Debbie? Gag me with a cupcake. Or sell it? Hell, as long as we're peddling our local treasures, why don't we put the Liberty Bell on Craigslist?
August 26, 1999 |
For years, we've had to listen as people droned on and on about how Baltimore has done all the things Philadelphia should be doing. Baltimore has a downtown ballpark. Why don't we? Baltimore has developed its waterfront. Why don't we? Baltimore has less than half the population of Philly, but it draws more tourists. Why can't we do better? It's like having some kind of snot-nose cousin our parents are always comparing us to. Why can't we be more like him? Well, guess what?
November 21, 1987 |
Tasty Baking Co. said yesterday that Philip J. Baur Jr. would retire as president of its Tastykake Inc. subsidiary at the end of this year. Baur, 56, will retain titles as chairman of Tasty Baking, Tastykake and a graphic-arts subsidiary, Phillips & Jacobs Inc. Baur has held various positions with the company for 35 years. Nelson G. Harris, 61, president and chief executive officer of the parent company, will take over as president of Tastykake. Baur's departure marks the first time in the Philadelphia company's 73-year history that a member of his family is not running day-to-day operations.
May 23, 2006 |
A judge dismissed charges yesterday against one of two males accused in the March shooting and robbery of a Tastykake delivery driver. In a preliminary hearing, Municipal Court Judge Marsha Neifield threw out charges against Philip Smith, 33, after Smith's attorney, Daniel-Paul Alva, argued that Smith did not fit a description given by Kyle Winkfield, 20. Alva said that Smith was 5 feet, 7 inches tall and that Winkfield described his attacker...
October 31, 1995 |
In these nutritionally correct times, nothing is sacred. Not even the Krimpet. Tasty Baking Co., the Philadelphia snack-cake baker, has introduced a new line of eight low-fat snacks, including Krimpets, Koffee Kakes and creme- filled cupcakes. It is hard to imagine Tastykakes in a world gone lite - with their signature sugar jolt and that thin layer of greasy cake that clings to the plastic wrapper until swabbed out by a sticky finger. "There's still a market for people who love Tastykakes the way they are, but the fat-free and low-fat products are growing.
August 17, 2011 |
THOMASVILLE, Ga. - Bakery company Flowers Foods Inc. said Wednesday that its fiscal second-quarter net income fell 17 percent, hurt by increased ingredient and packaging costs. The maker of brands including Nature's Own and Tastykake, the Philadelphia baker that Flowers took over earlier this year, also lowered its full-year earnings per share outlook. "A prolonged and slow economic recovery, compounded by higher costs, has continued to pressure consumer buying as well as business operations," Chairman and CEO George Deese said in a statement.