Add-on Acquisition • Food

Flowers Foods Acquires Lepage Bakeries

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

Acquisition Context
  • This is Flowers Foods’ 8th transaction in the Food sector.
  • This is Flowers Foods’ 2nd largest (disclosed) transaction.
  • This is Flowers Foods’ 8th transaction in the United States.
  • This is Flowers Foods’ 1st transaction in Maine.

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M&A Deal Summary

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

Target Company

Lepage Bakeries

Auburn, Maine, United States
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 Overview 1

Buyer

Flowers Foods

Thomasville, Georgia, United States

Category Company
Founded 1919
Sector Food
Employees10,200
Revenue 5.1B USD (2024)
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 Context for Buyer #
Overall 8 of 16
Sector: Food 8 of 16
Type: Add-on Acquisition 7 of 12
State: Maine 1 of 1
Country: United States 8 of 16
Year: 2012 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-25 Tasty Baking Co.

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 Co.

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