|This Slide: #57 of 100|
Slide #57. Flowers Foods — 20 Hostess Bakeries And 5 Bread Brands
Flowers Foods (NYSE:FLO)
20 Hostess Bakeries And 5 Bread Brands
Flowers Foods (NYSE: FLO) today announced the completion of its acquisition of bread assets, including 20 bakeries; the Wonder, Merita, Home Pride, Butternut, and Nature's Pride brands; and 36 depots from Old HB, Inc. (formerly Hostess Brands). The adjusted purchase price was $355 million.
Flowers Foods produces a range of breads, buns, rolls, snack cakes, and tortillas and is a producer and marketer of packaged bakery foods in the United States. Co. also sells returned and surplus product through a system of thrift stores. Co. supplies national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries with breads and rolls; sells packaged bakery products to wholesale distributors for sale to a variety of food outlets; and sells packaged snack cakes primarily to customers who distribute them nationwide through various channels of distribution, including merchandisers, supermarkets, vending outlets and convenience stores.
FLO SEC Filing Email Alerts Service
Open the FLO Page at The Online Investor »
Hold (2.00 out of 4)