Food & Beverage M&A » By The Online Investor Staff, updated Sat., Feb. 27, 1:57 AM
Recent mergers and acquisitions in the Food & Beverage M&A category.
| This Slide: #60 of 100 |
Slide #60. Flowers Foods, Inc. — Hostess Bread Brands And Bakeries
Acquirer:
Flowers Foods, Inc. (NYSE:FLO)
Acquiree:
Hostess Bread Brands And Bakeries
Details:
Flowers Foods, Inc. (NYSE: FLO) today confirmed that it has received regulatory approval pursuant to the Hart-Scott-Rodino Act to acquire the Wonder, Nature's Pride, Merita, Home Pride, and Butternut bread brands; 20 bakeries; and 36 depots from Old HB, Inc., formerly known as Hostess Brands. Flowers expects to complete the transaction in the coming weeks.
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 »
|
||||||||||||||||||||||||
Open the FLO Page at The Online Investor (in a new window) »
|
|
Avg. Broker Rec.
|
Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: FLO Stock Forecast Based on Zacks ABR data; powered by Xignite |
