Jenny and James Marino to remain with company as it expands national distribution
November 8, 2016
The owners of Angelic Bakehouse announced that it has reached an agreement to sell the maker of non-GMO sprouted baked goods to Lancaster Colony Corporation, a maker of specialty foods based in Ohio.
The acquisition price of approximately $92 million, on a cash-free and debt-free basis, is subject to certain post-closing adjustments
March 17, 2015
The acquisition price of approximately $92 million, on a cash-free and debt-free basis, is subject to certain post-closing adjustments and was funded from cash on hand. Flatout's annual net sales for the twelve months ended December 31, 2014 were approximately $46 million.