September 10, 2015

Flowers Foods is making the news again, acquiring another well-known company. Last month, the company announced it was acquiring Dave’s Killer Bread; this month, the company announced a definitive agreement to acquire Alpine Valley Bread Company for $120 million in cash and stock.

Alpine Bread Company, a family-owned company that produces certified organic and all natural breads in the United States was founded in 1997 in Mesa, Arizona. Today, Alpine Valley products are sold in grocery stores, speciality living stores and club retailers across the country. Its products include a variety of breads, including Super Grains, 21 Whole Grains, Multi Grain Omega – 3, and other breads that are USDA Organic Certified, Non-GMO Project verified and kosher certified. Upon acquisition, Alpine will operate as an independent subsidiary of Flowers Foods.

"Alpine Valley Bread Company will further strengthen our company," said Allen L. Shiver, Flowers' president and chief executive officer. "With its extensive portfolio of on-trend organic products, Alpine Valley has a deeply rooted culture of excellence, service, and commitment. We are especially pleased to welcome Alpine's team members who will bring expertise in the development, production, and delivery of organic breads to Flowers."

Flowers Foods will also help Alpine Valley Bread Company extend its reach in the market. "Flowers Foods brings resources we need and we are pleased with Flowers' commitment to keep our brands and our bakeries true to what has made our growth possible -- making bread with a carefully developed process with pure and simple ingredients. In short, our commitment to deliver products positioned to meet consumers' needs for healthier, more nutritious baked foods will be stronger than ever when we join Flowers Foods," said Todd Wood, Alpine Valley Bread Company’s chief executive officer.

The acquisition is expected to be completed in the fourth quarter and is subject to regulatory approval and closing conditions.