Oct. 13, 2015, 5:19 PM
- Flowers Foods (FLO +0.5%) has wrapped its acquisition of organic breadmaker Alpine Valley Bread Co., for $120M in cash and stock.
- Alpine Valley will operate as an independent subsidiary.
- The company has a "great team, delicious products, and a proven warehouse distribution platform in place to support the strong growth of their organic brands," says Flowers CEO Allen Shiver.
- Flowers also wrapped a $275M deal for Dave's Killer Bread, another organic breadmaker, in September.
- Previously: Flowers Foods finishes organic bread acquisition (Sep. 14 2015)
Apr. 24, 2015, 7:00 AM
- Apollo Global Management (NYSE:APO) and Dean Matropoulus are looking to sell Hostess after only holding the brand for about two years, according to the New York Post.
- Sources indicate at least one buyer is willing to pay the $2B price tag.
- Hostess was sold out of bankruptcy for $410M and now operates under a more cost-efficient structure.
- Analysts think Hostess could be grown to a billion-dollar brand.
- Snack rivals includes Mondelez International (NASDAQ:MDLZ), Hershey (NYSE:HSY), Flower Foods (NYSE:FLO), and Grupo Bimbo (OTCPK:GRBMF).
Feb. 12, 2014, 7:42 AM
Feb. 28, 2013, 5:52 PM
Flowers Foods (FLO) confirms it entered a winning $360M stalking horse bid for bankrupt Hostess Brands. The company adds its $30M bid for Hostess' Beefsteak brand was "topped by another bidder." A bankruptcy court will now review the Hostess Brands bid on March 19. (earlier)| Feb. 28, 2013, 5:52 PM
Jan. 13, 2013, 4:09 AM
Flower Foods (FLO) has agreed to become the "stalking horse" bidder for most of the assets of Hostess Brands' bread operations. Flower has offered up to $360M for names such as Wonder, Butternut and Home Pride, as well as 20 bakeries and 38 depots. In a separate bid, the company has offered $30M for Hostess' Beefsteak bread brand. (PR)| Jan. 13, 2013, 4:09 AM
Jan. 6, 2013, 2:45 AM
Flowers Foods (FLO) and Mexico's Grupo Bimbo are reportedly set to be the stalking horse bidders for Hostess Brands' bread ops, which the bankrupt company is likely to sell in at least two groups and which could fetch over $350M. Other possible suitors include Wal-Mart (WMT) and Kroger (KR). Wonder Bread, Nature's Pride, Home Pride, Merita and Butternut are among the brands on offer.| Jan. 6, 2013, 2:45 AM | 6 Comments
Nov. 21, 2012, 3:42 AM
Hostess will again ask bankruptcy Judge Robert Drain to authorize its liquidation after mediation talks with the company's striking bakers' union failed to resolve their differences. Potential suitors for all or part of Hostess' assets include Flowers Foods (FLO), which said on Monday that it has renegotiated lending terms to enable it to borrow additional cash. P-E firm Sun Capital could also be in the mix.| Nov. 21, 2012, 3:42 AM | 3 Comments