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
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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 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
Mergr

Product

Company

Legal