THOMASVILLE, Ga., Oct. 13, 2015 (PRNewswire) — Flowers Foods, Inc on Tuesday announced it has completed the acquisition of Alpine Valley Bread Company, a family-owned, U.S. producer of certified organic and all natural breads, for $120 million in cash and stock. Alpine Valley Bread Company will operate as an independent subsidiary of Flowers Foods.
"Alpine Valley has a great team, delicious products, and a proven warehouse distribution platform in place to support the strong growth of their organic brands," said Allen L. Shiver, Flowers Foods' president and chief executive officer. "We're looking forward to continuing that growth with this significant addition to our organic business."
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is one of the largest producers of fresh packaged bakery foods in the United States, with 2014 sales of $3.75 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Wonder, and Tastykake. Learn more at www.flowersfoods.com.