Jays Foods, which produces Jays and Krunchers! potato chips and O-Ke-Doke popcorn, entertained takeover bids through Friday, and Tuesday will ask the bankruptcy court to approve its sale to Snyder's of Hanover, a pretzelmaker identified in court documents as Jays Acquisition Inc.
Snyder's has offered $24.8 million for the assets of the 80-year-old company which, along with sister company Select Snacks Inc., went into bankruptcy in October amid steep cost increases.
Snyder's has offered $24.8 million for the assets of the 80-year-old company which, along with sister company Select Snacks Inc., went into bankruptcy in October amid steep cost increases.
