M&A Deal Summary

Flowers Foods Acquires Lepage Bakeries

On July 23, 2012, Flowers Foods acquired food company Lepage Bakeries for 370M USD

Acquisition Highlights
  • This is Flowers Foods’ 8th transaction in the Food sector.
  • This is Flowers Foods’ largest (disclosed) transaction.
  • This is Flowers Foods’ 8th transaction in the United States.
  • This is Flowers Foods’ 1st transaction in Maine.

M&A Deal Summary
Date 2012-07-23
Target Lepage Bakeries
Sector Food
Buyer(s) Flowers Foods
Deal Type Add-on Acquisition
Deal Value 370M USD

Target

Lepage Bakeries

Auburn, Maine, United States
website
Lepage Bakeries, Inc., is a baking company with efficient operations, high-quality products, strong regional brands, and a solid distribution system serving retail and foodservice customers.

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Buyer(S) 1

Buyer

Flowers Foods

Thomasville, Georgia, United States

website

Category Company
Founded 1919
Sector Food
Employees9,200
Revenue 4.8B USD (2022)
DESCRIPTION

Flowers Foods is a producer of fresh packaged bakery foods. Flowers operates bakeries across the country that produce a wide range of bakery products. Flowers Foods was founded in 1919 and is based in Thomasville, Georgia. Flowers Foods was incorporated in 1919 and is based in Thomasville, Georgia.

DEAL STATS #
Overall 8 of 14
Sector (Food) 8 of 14
Type (Add-on Acquisition) 7 of 11
State (Maine) 1 of 1
Country (United States) 8 of 14
Year (2012) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-25 Tasty Baking

Philadelphia, Pennsylvania, United States

Tasty Baking Co., a bakers of snack cakes, pies, cookies, and donuts. Tasty offers more than 100 products under the Tastykake brand name.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-14 Dave s Killer Bread

Milwaukie, Oregon, United States

Dave's Killer Bread Co. is a provider of organic sliced bread in the U.S., with 17 varieties of whole grain organic bakery products and widespread distribution across the U.S. and Canada.

Buy $275M
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