UPDATE: Hostess buildings, but not Waterloo bakery, auctioned - KTIV News 4 Sioux City IA: News, Weather and Sports

UPDATE: Hostess buildings, but not Waterloo bakery, to be auctioned


A Hostess warehouse in Waterloo -- though not the bakery -- will be on the auction block in the near future.

A real estate company working with Hostess Brands will sell Iowa properties as part of the ongoing auction of the bankrupt company's assets, according to The Des Moines Register.

The bakery, however, will not be part of that sale, according to Steve Dust of the Greater Cedar Valley Alliance and Chamber.

Hilco Real Estate LLC will be handling the sale of the property, including the warehouse in Waterloo and a bakery outlet in Mason City.

Buyers have until June 12 to buy one of the 61 properties in 22 states.

Hostess opted to end operations in November in response to a bakery union strike. The labor action was precipitated by employee outrage over executive raises at a time when the company was failing to meet its pension fund obligations.

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