US: Flowers licenses Wonder, Home Pride to Aunt Millie's in Midwest
Wonder, Home Pride to return to Midwest
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 agreement will see Aunt Millie's Bakeries manufacture and sell the products in north-western Indiana, northern Illinois - including Chicago - and southern Wisconsin.
Flowers said the deal would see the brands return to shelves in these markets in the "near future". Distribution of Home Pride and Wonder breads stopped in these areas in 2012. Flowers acquired the Wonder and Home Pride brands, along with Merita and Butternut, when Hostess Brands assets were auctioned off last year.
Allen Shiver, Flowers president and CEO, said: "We're excited about partnering with Aunt Millie's, which produces quality fresh bakery foods and has a great distribution network. This agreement allows us to bring these well-known and well-loved bread brands, baked with the same recipes, back to consumers in this part of the Midwest."
Last September, Flowers reintroduced the former Hostess brands to its direct-store-delivery market, which reaches around 79% of the US population in the East, South, Southwest, and California.
Terms of the agreement were not disclosed.
Flowers Foods Licenses Rights To Wonder And Home Pride Bread Brands To Aunt Millie's Bakeries In Parts Of Indiana, Illinois, And Wisconsin
THOMASVILLE, Ga., March 5, 2014 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced it has signed an agreement that gives Aunt Millie's Bakeries of Fort Wayne, Ind., the exclusive license to produce and market Wonder and Home Pride breads in northwestIndiana; northern Illinois, including Chicago; and southern Wisconsin. Terms and conditions of the license agreement were not disclosed.
With the agreement, Wonder and Home Pride breads will return to store shelves in the near future after being off the market in these areas since the November 2012 shut down of Old HB, Inc. (formerly Hostess Brands).
Commenting on the announcement, Allen L. Shiver, Flowers Foods' president and CEO, said, "We're excited about partnering with Aunt Millie's, which produces quality fresh bakery foods and has a great distribution network. This agreement allows us to bring these well-known and well-loved bread brands, baked with the same recipes, back to consumers in this part of the Midwest."
Flowers Foods acquired the Wonder and Home Pride brands, along with Merita andButternut, in July 2013. In September 2013, the company reintroduced Wonder and the other brands to its direct-store-delivery market, which reaches approximately 79% of the U.S. population in the East, South, Southwest, and California.
Original source: Flowers Foods
Flowers Foods, Inc. - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offe...
Synopsis Canadean's "Flowers Foods, Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile ...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Synopsis The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global confectionery market during March 2014. S...
- Comment: Nestle reacts to world of 3G and Buffett
- Why it is too early to call Unilever food revival
- France takes big step to uniform FOP labels
- What the analysts say: The verdict on Danone's Q1
- How will Flowers Foods grow in speciality bread?
- Unilever food, refreshment sales rise
- Organic food sales in US up 11% in 2014
- UPDATE: Danone CEO upbeat on 2015 growth
- Nestle sales rise on emerging markets, pricing
- Nestle in "exclusive" Davigel talks with Brakes