Flowers Foods last week announced the acquisition of organic bread maker Dave's Killer Bread, a move which accelerates its growth in the org...
The private-equity owners of Hostess Brands are, according to reports, mulling a sale, just a year after buying the US snacks business. Ther...
Shares in US bakery group Flowers Foods sank yesterday after it cut its earnings forecast for 2014 - but the company immediately sought to soothe investor concerns by looking to its longer-term prospects.
Flowers Foods, the second-largest bakery group in the US, has been an active consolidator in the industry and the group remains on the hunt. Flowers plans to drive continued growth while also expanding its geographic footprint, with a significant proportion of revenue gains to come from M&A. Katy Askew reports.
Flowers Foods will look at new markets for its enlarged portfolio of bread brands to boost volumes before it considers reopening the former Hostess Brands bakeries it acquired earlier this year.
US baker Flowers Foods has said it is "confident" its snack cake business will continue to thrive even as the new-look Hostess Brands returns to the market, with products including Twinkies.
This week, PepsiCo reported on its second quarter numbers and its conference call detailed its plans to prepare for a tough second half to the year. Elsewhere Hostess Brands' owners insisted they were not looking for an IPO or a sale at present. animal abuse and McCain announced an A$10m investment at a Tasmania plant. Here is the week in quotes.
US bakery giant Flowers Foods will open a former Hostess Brands plant it acquired in 2013 this summer.
The private-equity owners of Hostess Brands are reportedly mulling the sale of the US snack maker, just a year after buying the Twinkies owner.
US baked goods firm Flowers Foods has promoted Bradley Alexander as chief operating officer.
US baker Hostess Brands LLC is reintroducing Chocodile Twinkies, with a national roll-out planned to start this week.
US bakery group Flowers Foods has reported lower first-quarter profits as costs linked to its acquisition of assets from the former Hostess Brands weighed on its bottom line.
Flowers Foods has inked a deal that provides Indiana-based baker Aunt Millie's Bakeries the license to produce and market Wonder and Home Pride breads in parts of the Midwest.
The recently-revived US baker Hostess Brands is to increase capacity at a plant in Kansas.
US baker Flowers Foods is to re-open a plant formerly owned by rival Hostess Brands, which was wound down earlier this year.
Fonterra again dominated the headlines as it grappled with the fall-out of the botulism scare. Import bans mounted and a senior executive resigned. Elsewhere, Heinz announced its first cuts since the takeover of the business, Campbell Soup Co. announced talks to sell a clutch of European assets and US group Pinnacle Foods snapped up Unilever's Wish-Bone dressings business.
US baker Flowers Foods saw its earnings and sales climb in the first half, boosted by gains from recent acquisitions.
The owners of the new Hostess Brands are to invest around US$100m in the upgrade of its facilities and the building a new plant.
UK private-equity firm Actis has acquired a 30% stake in Egypt-based snack food group Edita Food Industries.
US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.
The new Hostess Brands has announced plans to re-open plants in Indiana and Illinois as the US baker looks to rebuild its production network.
Hostess Brands - a new company formed by private-equity owners following the auction of assets owned by the US baker of the same name - is preparing to relaunch bakery operations.
Last week saw the just-food team hitting the streets to bring you coverage from two key events in the industry calender: the IFE trade show in London and the Consumer Analyst Group of Europe (CAGE) conference.
US baker Flowers Foods said its sales are up year-to-date and that the company is "well-positioned" for accelerated growth in 2013.
Hostess Brands has received court approval to proceed with the sale of a swathe of brands, including Twinkies and Wonder Bread, in a series of deals worth around US$800m.
US baker Hostess Brands, which is selling off its assets, will start an auction for brands including Sweetheart and Standish Farms after getting a series of offers.
Privately-owned US group McKee Foods looks set to be the latest buyer of assets from bakery giant Hostess Brands.
Private-equity firms Metropoulos & Co. and Apollo Global Management have acquired the snack cake business of Hostess Brands.
Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital are understood to be interested in buying some of the US baker's snack cake brands, including Twinkies.
The proposed sale of the majority of Hostess Brands' bread businesses to Flowers Foods subsidiary FBC Georgia is facing a block after an objection to the deal was filed by the US Government.
US firm McKee Foods, the new owner of Drake's cakes, has said it is celebrating 125 years of the iconic brand by returning the four most popular varieties to the shelves.
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