THOMASVILLE, Ga. -- Flowers Foods Inc. has completed the acquisition of Dave's Killer Bread, the nation's best-selling organic bread, from its shareholders, including members of the founding Dahl family and Goode Partners, for approximately $275 million in cash.
Dave's Killer Bread will operate as an independent subsidiary of Flowers Foods.
"We are firmly committed to staying true to the recipes, baking process and other factors that have made Dave's Killer Bread the best-selling organic bread in the U.S.," said Allen L. Shiver, Flowers Foods' president and CEO. "Flowers' resources will allow more consumers to find Dave's Killer Bread in their markets, and with the deal now completed, we can begin working together to make that happen. We welcome the more than 300 Dave's Killer Bread employee partners, who bring great expertise and enthusiasm to Flowers."
John Tucker, Dave's Killer Bread president and CEO, sees more growth ahead. "We've got a brand that's made for greatness: a killer recipe that's powerfully different, a deep commitment to organic, non-GMO ingredients, and a team of partners poised to dial up our growth and take care of all of our fans, " Tucker said. "Together with Flowers, we're going to blanket the U.S. with the best bread in the universe, and make good on our commitment to second chance employment."
Dave's Killer Bread is an organic sliced bread with 17 varieties of whole grain organic bakery products and widespread distribution across the United States and Canada. All its products are Certified USDA organic and Non-GMO Project Verified.
Based in Thomasville, Ga., Flowers Foods is one of the largest producers of fresh packaged bakery foods in the United States, with 2014 sales of $3.75 billion. It operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Wonder and Tastykake.
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