![](https://cdn.benzinga.com/files/imagecache/2048x1536xUP/images/story/2012/aaconsumerv3_2362.png)
- Hostess Brands Inc (NASDAQ:TWNK) plans to convert an idled factory in Arkadelphia, Arkansas, into a bakery.
- The company will invest $120 million - $140 million to transform the 330,000 square-foot facility.
- The company expects the bakery to be operational in the second half of 2023 and create 150 new jobs over three years.
- Hostess Brands anticipates the new bakery to increase its capacity across its bakeries on its Donettes and cake platforms by approximately 20%.
- Price Action: TWNK shares are trading higher by 0.43% at $22.32 on the last check Monday.