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| 02 feb 2006 |
18u21 |
Flowers Foods acquires Derst Baking Co.
Flowers Foods, Inc. today announced it has reached an agreement to acquire Derst Baking Company, headquartered in Savannah, Ga. The transaction, expected to be complete within a few weeks, will be accomplished as a merger involving the exchange of Flowers Foods common stock for Derst Baking Company stock.
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Derst Baking Company, which operates on annualized sales of approximately $50 million, is a family-owned business with one bakery in Savannah. The company employs 475 people and operates 165 direct-store- delivery routes that serve customers and consumers in South Carolina, eastern Georgia, and north Florida with fresh breads and rolls under the Captain John Derst's Old Fashioned Bread and Sunbeam brands.
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