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Flowers Foods Completes $120M Alpine Valley Bread Company Acquisition

Flowers Foods Completes $120M Alpine Valley Bread Company Acquisition


THOMASVILLE, GA
Thursday, October 15th, 2015

Flowers Foods, Inc. has completed its acquisition of Alpine Valley Bread Company for $120 million in cash and stock.

Allen L. Shiver, President and CEO“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 Food’s President and CEO.

As we reported previously, Alpine Valley has anticipated fiscal 2016 sales of approximately $85 million to $95 million and has generated a compound average revenue growth rate of approximately 51% over the past three years.

Looking to the future, Shiver added, “We’re looking forward to continuing that growth with this significant addition to our organic business.”

That growth could have a big impact on the bottom line as the organic bread market continues to grow at a rate of 27% over the last four years. Alpine Valley Bread Company will operate as an independent subsidiary of Flowers Foods.

Flowers FoodsAlpine Valley Bread Company



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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.