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Flowers Foods completes acquisition of Bishop Baking Co. from Kellogg.

Flowers Foods (NYSE: FLO) announced recently that its acquisition of the assets of Bishop Baking Company, Inc., in Cleveland, Tenn., from Kellogg Co., which was announced in November, has been completed. The transaction was an asset purchase for an undisclosed amount of cash. Further terms of the agreement were not disclosed.

Bishop Baking Co., with annual sales of approximately $30 million, operates one bakery in Cleveland. Bishop's products, a line of fresh snack cake items, are distributed nationwide. Kellogg acquired Bishop with the purchase of Keebler in March 2001.

George E. Deese, Flowers Foods' president and chief operating officer, said, "The Bishop operation is a nice addition to Flowers Foods' Snack Group. Bishop's product line includes items not made by our company as well as some customers not currently served by our snack group."

Headquartered in Thomasville, Ga., Flowers Foods is one of the nation's leading producers and marketers of bakery foods for retail, foodservice, in-store bakery, institutional, and vend customers. These products are sold under such brands as Mrs. Smith's, Nature's Own, Cobblestone Mill, and Mrs. Freshley's.

Contact Mary Krier, Director of Corporate Communications, at 229-227-2333.

Web site: www.flowersfoods.com
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Publication:Frozen Food Digest
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 1, 2003
Words:192
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