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Announced

Completed

Flowers Foods completed the acquisition of Virginia assets of Koffee Kup Bakery.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United States

Completed

Acquisition

bakery

Majority

Single Bidder

Food Products

Friendly

Private

Synopsis

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Flowers Foods, a bakery foods provider, completed the acquisition of Virginia assets of Koffee Kup Bakery, a manufacturer of baked foods. Financial terms were not disclosed. "This acquisition brings brands and production capacity in the Northeast, a key growth market for our company. The Koffee Kup and Vermont Bread Company brands have a strong consumer following in the region and we'll be evaluating their role within our brand portfolio. We have no immediate plans to reopen the bakeries but will be assessing how they may fit our strategic network optimization efforts in the future," Ryals McMullian, Flowers Foods President and CEO.

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