BelGioioso Cheese - Fresh Mozzarella
Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
Flowers Foods to Acquire Alpine Valley Bread Company

Flowers Foods to Acquire Alpine Valley Bread Company

Wednesday, September 9th, 2015

Flowers Foods has announced it will acquire Alpine Valley Bread Company, a certified organic and all natural bread producer, for $120 million in cash and stock.

Allen L. Shiver, President and CEO, Flower Foods"Alpine Valley Bread Company will further strengthen our company," said Allen L. Shiver, Flowers' President and Chief Executive Officer. "With its extensive portfolio of on-trend organic products, Alpine Valley has a deeply rooted culture of excellence, service, and commitment. We are especially pleased to welcome Alpine's team members who will bring expertise in the development, production, and delivery of organic breads to Flowers."

Alpine Valley Bread Company

Alpine Valley Bread Company was founded in 1997 by the Wood family with what the company describes as a vision to bake bread that is nutritious, organic, flavorful, and free from artificial ingredients. Alpine Valley currently serves national retail grocers, specialty healthy living stores, and club retailers. With a product line that includes Super Grains, 21 Whole Grains, Multi Grain Omega -3, Sprouted Wheat with Flaxseed and more, all of the company’s offerings are USDA Organic certified, Non-GMO Project verified, and kosher certified. The company employs 282 and operates two bakeries in Mesa. Once the transaction is complete, Alpine will operate as an independent subsidiary of Flowers, according to a press release.

Alpine Valley Bread Company's Offerings

"Flowers Foods brings resources we need and we are pleased with Flowers' commitment to keep our brands and our bakeries true to what has made our growth possible---making bread with a carefully developed process with pure and simple ingredients,” said Todd Wood, Alpine Valley Bread Company's Chief Executive Officer. “In short, our commitment to deliver products positioned to meet consumers' needs for healthier, more nutritious baked foods will be stronger than ever when we join Flowers Foods."

With anticipated fiscal 2016 sales of approximately $85 million to $95 million, Alpine Valley has generated a compound average revenue growth rate of approximately 51% over the past three years. The organic bread market continues to grow as well, with data from the press release showing growth at a rate of 27% over the past four years.

Flowers Foods plans to fund approximately 90% of the purchase price for the acquisition using its existing revolving credit facility and available cash, and approximately 10% with Flowers Foods common stock. The acquisition, which is still subject to regulatory approval and customary closing conditions, is expected to be completed in the fourth quarter.  

Flowers FoodsAlpine Valley Bread Company

BelGioioso Cheese - Fresh MozzarellaEiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature

Have a new product, press release or story idea?

Let us know

In This Story

Flowers Foods, Inc. (NYSE: FLO), with $2.8 billion in sales, produces and markets packaged bakery foods in the U.S. Top brand is Nature’s Own bread.

Specializing in manufacturing and distributing flavorful Organic Whole Grain Bread, Buns and Rolls, using the finest possible ingredients.

Good Food Media Network Releases 2018 Good Food Restaurants™ List

The company releases its annual rating and economic report offering insight into the purchasing practices of chefs and restaurants and their commitment to sustainable sourcing.
View Press Release

Charlotte-Based Hissho Sushi Debuts at Bank of America Stadium for Carolina Panthers’ 2018-2019 Season

The company provides visitors and Panthers fans sophisticated, fresh options like the California Roll, Spicy Tuna Roll, and Crispy Crab Roll.
View Press Release

P3 Named Official Protein Snack of UFC®

UFC® announced a new marketing partnership with Oscar Mayer®.
View Press Release

New Tuscanini Parchment Crackers Bring the Sun-Kissed Taste of Italy to America's Table

Three handmade varieties deliver a sophisticated touch to meals and light snacks.
View Press Release

WCMA Launches Workforce Committee to Address Labor Challenges

The Association's Inaugural Meeting is set for October 23 in Monroe, Wisconsin.
View Press Release