Grupo Bimbo and Flowers Foods are said to be among the early bidders for Canada Bread, the bakery business that’s majority-owned by Canadian food group Maple Leaf Foods.
Flowers Foods announces Flowers Baking Co., of Henderson LLC, Henderson, Nev., will begin production late this year. The company will produce Nature’s Own bread for markets in southern Nevada and parts of California.
Flowers Foods Inc., Thomasville, Ga., completes the acquisition of Hostess Brands’ bread assets, including 20 bakeries; the Wonder, Merita, Home Pride, Butternut and Nature’s Pride brands; and 36 depots from Old HB Inc. (formerly Hostess Brands). The adjusted purchase price was $355 million.
Flowers Foods has acquired the perpetual, exclusive and royalty-free licenses to the Sara Lee and Earthgrains brands for sliced breads, buns and rolls in California from BBU Inc.
Thomasville, Ga.-based Flowers Foods Inc. has signed two asset purchase agreements with Hostess Brands Inc., Irving, Texas, for numerous Hostess bread brands, bakeries and depots.
Grupo Bimbo SAB, Mexico City, and Flowers Foods, Thomasville, Ga., are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as Irving, Texas-based Hostess Brands Inc. tries to sell off its assets under bankruptcy-court oversight.
The maker of Tastykake and Nature's Own baked goods may be a likely bidder for some of the assets owned by Hostess, which could help it expand geographically.
