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James McColgan CEO of Awrey's Bakery stands by a mural created by a University of Michigan student in 1988, on Feb. 17, 2014 in Livonia, Mich. It was a year ago that Awrey's Bakery, one of the few remaining iconic Detroit-area brands, avoided permanent closure in a down-to-the-wire purchase deal. The new buyers, Michigan residents Ron Beebe and McColgan, bought the Livonia bakery from a pair of out-of-state private equity firms just hours before its equipment was to be sold at liquidation auction. The 200-some Awrey's employees were already out the door. In their place were auctioneers. (AP Photo/Detroit Free Press, Jessica J. Trevino) DETROIT NEWS OUT; NO SALES

Awrey’s Bakery back from the brink

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