Flowers Foods Inc. entered into an agreement to acquire Holsum Bakery Inc. in a cash and stock transaction. With annual sales of approximately $146 million, Holsum sells bread and rolls under the Holsum, Aunt Hattie's and Roman Meal brands.
Following the acquisition, Holsum will operate as a wholly owed subsidiary of Flowers. The acquisition is expected to further strengthen Flowers' operations and also help the company to strategically expand its geographic footprint.