Flower Foods, a US producer and marketer of packed bakery food, has announced the acquisition of Simple Mills, a bakery and snacks firm, for $795 million in cash. Founded in 2012, Simple Mills is a provider of health-oriented crackers, biscuits, cakes, snacks bars and baking mixes with operation in Chicago(IL) and Mill Valley (CA). After the transaction, Simple Mills will remain an independent subsidiary of Flowers Foods, led by founder and …
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Flowers Foods
Flowers Foods, a producer of baked foods known for brands such as Nature’s Own, Dave’s Killer Bread, Wonder, and Canyon Bakehouse, has announced it has acquired the assets of Koffee Kup Bakery (KKB) from the court-appointed receiver for an undisclosed sum. Based in Vermont, KKB produces a range of baked goods, including bread, doughnuts and English muffins, serving customers in the Northeast and Mid-Atlantic regions, but fell into financial difficulties …
Flowers Foods, the US bakery business, has revealed plans to close a production facility in Winston-Salem, NC “to improve the profitability of its Warehouse segment”. The move was announced in a statement of Q2 results, with the firm saying that “sweet baked goods production will shift to more efficient Flowers’ snack cake bakeries”. According to Triad Business Journal, company officials noted that the “major reasons for this business decision are …
Flowers Foods, one of the largest producers of fresh packaged bakery foods in the United States, has announced that is has agreed to acquire Dave’s Killer Bread from its existing shareholders, including members of the Dahl family and Goode Partners, for approximately $275 million in cash. “We are very excited about the pending acquisition of Dave’s Killer Bread”, said Allen L Shiver, Flowers Foods president and chief executive officer. “This …
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