Thomasville, Ga., Aug. 4 - Flowers Foods today announced that it has completed the acquisition of ButterKrust Bakery in Lakeland, Fla. In the transaction, Flowers purchased all of the issued and outstanding capital stock of the holding company of ButterKrust for cash.
ButterKrust Bakery operates profitably with annualized sales of approximately $70 million. ButterKrust has one bakery in Lakeland that employs 368 people and the company's fresh breads and rolls are available throughout Florida under the Country Hearth, Rich Harvest, and Sunbeam brands as well as store brands.
Headquartered in Thomasville, Ga., Flowers Foods, with annual sales of over $2.02 billion, is one of the nation's leading producers and marketers of packaged bakery foods for retail and foodservice customers. Flowers operates 36 bakeries that produce a wide range of bakery products marketed throughout the Southeastern, Southwestern, and mid-Atlantic states via an extensive direct-store-delivery network and nationwide through other delivery systems. Among the company's top brands are Nature's Own, Whitewheat, Cobblestone Mill, Sunbeam, Blue Bird, and Mrs. Freshley's.