Flowers Foods Completes Acquisition Of Dave's Killer Bread For $275 Mln In Cash

(RTTNews) - Flowers Foods, Inc. (FLO) Monday said it has completed the acquisition of Dave's Killer Bread, an organic bread, from its shareholders, including members of the founding Dahl family and Goode Partners, for about $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 Shiver, Flowers Foods' president and chief executive officer.

Shiver added that Flowers' resources would allow more consumers to find Dave's Killer Bread in their markets.