Flowers Foods completes acquisition of Canyon Bakehouse
Flowers Foods, Inc. (NYSE: FLO) has announced it has completed its acquisition of Canyon Bakehouse LLC, a privately held, gluten-free baking company based in Johnstown, Colo. Canyon Bakehouse will operate as an independent subsidiary of Flowers Foods.
"We welcome the Canyon Bakehouse team to Flowers and are excited to work with them to bring their innovative gluten-free bakery products to more consumers," said Allen Shiver, Flowers' president and chief executive officer. "This acquisition fits with Flowers' strategy to grow in product adjacencies and gives us the opportunity to gain share in the growing gluten-free segment. The Canyon Bakehouse brand is the fastest-growing gluten-free bread loaf brand in the U.S., and we believe we can help accelerate that growth using our fresh distribution network and retail partnerships."
Canyon Bakehouse was founded by Josh and Christi Skow and Ed Miknevicius in 2009, after Christi was diagnosed with celiac disease. Josh will continue to lead the business as president and Christi will serve as brand ambassador.