Flowers makes Tasty acquisition
Flowers Foods has entered into an agreement to acquire Tasty Baking Company in a deal valued at US$165m. The Georgia-based baker said that the move is in-line with its strategy to grow revenues through acquisitions in key markets and expand its geographic footprint.
US: Flowers Foods acquires Tasty Baking
11 April 2011
US bakers Flowers Foods and Tasty Baking Co. have reached a definitive merger agreement that will see Flowers take 100% control of the struggling Tastykake maker for approximately US$165m.
UPDATE: US: Flowers' Tasty buy builds on expansion strategy
11 April 2011
Flowers Foods' move to acquire Tasty Baking Co. builds on its strategy to drive branded sales and expand its geographic reach, a spokesperson for the US baker told just-food today (11 April).
US: Banks give Tasty Baking reprieve but want sale or merger
17 January 2011
Lenders to Tasty Baking Co. have given the under-pressure US baker a reprieve but have insisted the company is either sold or pursues a merger.
US: Financial pressures force Tasty Baking to mull sale
5 January 2011
The management of Tasty Baking Co. has admitted it is considering selling the US baker as financial pressures linked to commodity costs and its new bakery hit the company.
Browse more hot issues
26 Apr 2011 -
19 Apr 2011 -
Currently reading -
Flowers makes Tasty acquisition
5 Apr 2011 -
