- Adds a best-in-class baking company with over $166 million in net sales to Flowers;
- Complements Flowers' existing portfolio of strong brands by adding leading regional brands -- Country Kitchen and Barowsky's -- and a broader variety of breads, buns, and rolls to Flowers;
- Is expected to add $0.03 to $0.05 to Flowers' earnings per share in FY2012, excluding acquisition costs and $0.08 to $0.12 to earnings per share in FY2013;
- Expands Flowers' presence in New England and New York, making the company's fresh bakery products available to an additional 18 million people;
- Adds three highly efficient bakeries, two in Lewiston, Maine, and one in Brattleboro, Vt., with available production capacity for Flowers' expansion in mid-Atlantic and Northeast markets;
- Provides a DSD (direct-store-delivery) platform to accelerate penetration of Nature's Own and Tastykake brands in the Northeast;
- Brings Flowers an experienced team focused on quality and innovation; current Lepage leaders Andrew Barowsky and Albert Lepage will continue at the helm of Lepage Bakeries as co-chairmen; Barowsky also will serve as vice chairman of innovation for Flowers Foods.
Flowers Foods Announces Agreement To Acquire Lepage Bakeries, Inc.
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