Flowers Foods to acquire producer of organic and all-natural breads
Flowers Foods Inc., Thomasville, GA, today announced a definitive agreement to acquire Alpine Valley Bread Co., a family-owned producer of certified organic and all-natural breads in Mesa, AZ, for $120 million in cash and stock. The acquisition, which is subject to regulatory approval and customary closing conditions, is expected to be completed in the 2015 fourth quarter.
Founded in 1997, Alpine Valley Bread Co. serves national retail grocers, specialty healthy living stores, and club retailers. Its product line includes Super Grains, 21 Whole Grains, Multi Grain Omega-3, Sprouted Wheat with Flaxseed and other breads that are certified USDA Organic, Non-GMO Project and kosher.