M&A Deal Summary

Flowers Foods Acquires Bishop Baking

On November 20, 2002, Flowers Foods acquired food company Bishop Baking from WK Kellogg

Acquisition Highlights
  • This is Flowers Foods’ 1st transaction in the Food sector.
  • This is Flowers Foods’ 1st transaction in the United States.
  • This is Flowers Foods’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2002-11-20
Target Bishop Baking
Sector Food
Buyer(s) Flowers Foods
Sellers(s) WK Kellogg
Deal Type Divestiture

Target

Bishop Baking

Cleveland, Tennessee, United States
Bishop Baking Co., Inc., is a line of fresh snack cake items.

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Buyer(S) 1

Buyer

Flowers Foods

Thomasville, Georgia, United States
Category Company
Founded 1919
Sector Food
Employees9,200
Revenue 5.1B USD (2023)
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.

DEAL STATS #
Overall 1 of 14
Sector (Food) 1 of 14
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 14
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Royal Cake

Winston-Salem, North Carolina, United States

Royal Cake Co., Inc., produces cookies, cereal bars and creme-filled cakes that are sold under the Royal, Bakers Best, and private label brands.

Buy $10M

Seller(S) 1

SELLER

WK Kellogg

Battle Creek, Michigan, United States
Category Company
Founded 1906
Sector Food
Employees3,000
Revenue 2.8B USD (2023)
DESCRIPTION
Kellogg's corporate headquarters in Battle Creek, Michigan.
Kellogg's corporate headquarters in Battle Creek, Michigan.

WK Kellogg is a food company engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods. WK Kellogg was formed in 1906 and is based in Battle Creek, Michigan.

DEAL STATS #
Overall 1 of 5
Sector (Food) 1 of 5
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 5
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Famous Amos Chocolate Chip Cookie

Elmhurst, Illinois, United States

Formed in 1975, Famous Amos Chocolate Chip Cookie Co. L.L.C. is a manufacturer of chocolate chip cookies based in Elmhurst, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-06 Bear Naked

Norwalk, Connecticut, United States

Bear Naked Inc. is a seller of natural granola products.

Buy $60M
Mergr

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