THOMASVILLE, GEORGIA, U.S. — Flowers Foods, Inc. on Oct. 13 completed the acquisition of Alpine Valley Bread Co. for $120 million in cash and stock. Based in Mesa, Arizona, U.S., Alpine Valley bakes bread that is natural, organic and Non-GMO Project verified. The company operates two bakeries in Mesa and employs 282. Alpine Valley Bread Company will operate as an independent subsidiary of Flowers Foods.
“Alpine Valley has a great team, delicious products and a proven warehouse distribution platform in place to support the strong growth of their organic brands,” said Allen L. Shiver, president and chief executive officer of Flowers Foods. “We’re looking forward to continuing that growth with this significant addition to our organic business.”
Flowers first announced its intent to acquire Alpine Valley Bread on Sept. 9.