Flowers Foods Acquires Tasty Baking

Noto, Anthony
April 2011
Mergers & Acquisitions Report;4/18/2011, Vol. 24 Issue 16, p33
The article announces the acquisition of Tasty baking Co. by Flower Foods Inc. for about 165 million dollars, with 90 million dollars in debt. Such deal is expected to add about 115 million dollars to Flower Foods' sales for 2011. Flower Foods chairman and chief executive officer George Deese states that the company still plans to acquire other companies to boost their production capacity for breads, buns, and rolls.


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