{"id":501532,"date":"2021-06-07T16:34:59","date_gmt":"2021-06-07T20:34:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/flowers-foods-acquires-assets-of-koffee-kup-bakery\/"},"modified":"2021-06-07T16:34:59","modified_gmt":"2021-06-07T20:34:59","slug":"flowers-foods-acquires-assets-of-koffee-kup-bakery","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/flowers-foods-acquires-assets-of-koffee-kup-bakery\/","title":{"rendered":"Flowers Foods Acquires Assets Of Koffee Kup Bakery"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n THOMASVILLE, Ga.<\/span>, June 7, 2021<\/span> \/PRNewswire\/ —\u00a0Flowers Foods, Inc. (NYSE: FLO), producer of\u00a0Nature’s Own<\/i>,\u00a0Dave’s Killer Bread<\/i>,\u00a0Wonder,\u00a0Canyon Bakehouse,\u00a0Tastykake<\/i>, and other bakery foods, announced today that it has acquired the assets of Koffee Kup Bakery, Inc. (KKB) in Burlington, Vermont<\/span> from the court-appointed receiver of the assets. Financial terms of the transaction were not disclosed. <\/p>\n

The acquisition includes three closed bakeries located in Burlington<\/span> and Brattleboro, Vermont<\/span> and North Grosvenor Dale, Connecticut<\/span>, and the Koffee Kup Bakery<\/i> and Vermont Bread Company<\/i> brands.<\/p>\n

“This acquisition brings brands and production capacity in the Northeast, a key growth market for our company,” said Ryals McMullian, Flowers Foods president and CEO. “The Koffee Kup<\/i> and Vermont Bread Company<\/i> brands have a strong consumer following in the region and we’ll be evaluating their role within our brand portfolio. We have no immediate plans to reopen the bakeries but will be assessing how they may fit our strategic network optimization efforts in the future.” <\/p>\n

KKB was founded in Troy, Vermont<\/span> in 1940. The company baked breads, English muffins, buns, and donuts that were marketed throughout the Northeast. In 2013, the company acquired Vermont Bread Company, which produced certified organic breads. KKB closed in April 2021<\/span>. <\/p>\n

\n
\n About Flowers Foods<\/u>
\n <\/b>\u00a0
Headquartered in Thomasville, Ga.<\/span>, Flowers Foods, Inc. (NYSE: FLO) is one of the largest producers of packaged bakery foods in the United States<\/span> with 2020\u00a0sales of $4<\/span>.4\u202fbillion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company’s top brands are\u00a0Nature’s Own<\/i>,\u00a0Dave’s Killer Bread<\/i>,\u00a0Wonder, Canyon Bakehouse<\/i>, and\u00a0Tastykake<\/i>. Learn more at www.flowersfoods.com<\/a>.\u00a0<\/p>\n

FLO-CORP\u00a0 FLO-IR<\/p>\n

\n
\n Forward-Looking Statements<\/u>
\n <\/b>\u00a0
Statements contained in this filing and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the “company”, “Flowers Foods”, “Flowers”, “us”, “we”, or “our”) and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding our future financial condition and results of operations\u00a0and the ultimate impact of the novel strain of coronavirus (“COVID-19”) on our business, results of operations and financial condition\u00a0and are often identified by the use of words and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” “would,” “is likely to,” “is expected to” or “will continue,” or the negative of these terms or other comparable terminology. These forward-looking statements are based upon assumptions we believe are reasonable. Forward-looking statements are based on current information and are subject to risks and uncertainties that could cause our actual results to differ materially from those projected. Certain factors that may cause actual results, performance, liquidity, and achievements to differ materially from those projected are discussed in this Annual Report on Form 10-K (the “Form 10-K”) and may include, but are not limited to, (a)\u00a0unexpected\u00a0changes in any of the following: (1)\u202fgeneral economic and business conditions; (2)\u202fthe competitive setting in which we operate, including advertising or promotional strategies by us or our competitors, as well as changes in consumer demand; (3)\u202finterest rates and other terms available to us on our borrowings; (4)\u202fenergy and raw materials costs and availability and hedging counter-party risks; (5)\u202frelationships with or increased costs related to our employees and third-party service providers; (6)\u202flaws and regulations (including environmental and health-related issues); and (7) accounting standards or tax rates in the markets in which we operate, (b) the ultimate impact of the COVID-19 outbreak and measures taken in response thereto on our business, results of operations and financial condition, which are highly uncertain and are difficult to predict, (c)\u00a0the loss or financial instability of any significant customer(s), including as a result of product recalls or safety concerns related to our products, (d)\u00a0changes\u00a0in consumer behavior, trends and preferences, including health and whole grain trends, and the movement toward more inexpensive store branded products, (e)\u00a0the level of success we achieve in developing and introducing new products and entering new markets, (f)\u00a0our ability to implement new technology and customer requirements as required, (g)\u00a0our ability to operate existing, and any new, manufacturing lines according to schedule, (h)\u00a0our ability to execute our business strategies which may involve, among other things, (1) the integration of acquisitions or the acquisition or disposition of assets at presently targeted values, (2) the deployment of new systems and technology,\u202fand (3) an enhanced organizational structure, (i)\u00a0consolidation within the baking industry and related industries, (j)\u00a0changes in pricing, customer and consumer reaction to pricing actions, and the pricing environment among competitors within the industry, (k)\u00a0disruptions\u00a0in our direct-store-delivery distribution model, including litigation or an adverse ruling by a court or regulatory or governmental body, or other regulatory developments,\u00a0that could affect the independent contractor classifications of the independent distributors, (l)\u00a0increasing legal complexity and legal proceedings that we are or may become subject to, (m)\u00a0increases in employee and employee-related costs, (n)\u00a0the credit, business, and legal risks associated with independent distributors and customers, which operate in the highly competitive retail food and foodservice industries, (o)\u00a0any business disruptions due to political instability,\u00a0pandemics,\u00a0armed hostilities, incidents of terrorism, natural disasters, labor strikes or work stoppages, technological breakdowns, product contamination, product recalls or safety concerns related to our products, or the responses to or repercussions from any of these or similar events or conditions and our ability to insure against such events, (p)\u00a0the\u00a0failure of our information technology systems to perform adequately, including any interruptions, intrusions or security breaches of such systems or risks associated with the planned implementation of a new enterprise resource planning (“ERP”) system; and (q)\u00a0regulation and legislation related to climate change that could affect our ability to procure our commodity needs or that necessitate additional unplanned capital expenditures.\u00a0The foregoing list of important factors does not include all such factors, nor necessarily present them in order of importance. In addition, you should consult other disclosures made by the company (such as in our other filings with the Securities and Exchange Commission (“SEC”) or in company press releases) for other factors that may cause actual results to differ materially from those projected by the company. Refer to Part\u202fI, Item\u202f1A.,\u00a0Risk Factors<\/i>, of\u00a0the\u00a0Form\u202f10-K\u00a0and Part II, Item 1A.,\u00a0Risk Factors<\/i>\u00a0of the Form 10-Q for the quarter ended April 24, 2021\u00a0for additional information regarding factors that could affect the company’s results of operations, financial condition and liquidity.\u00a0We caution you not to place undue reliance on forward-looking statements, as they speak only as of the date made and are inherently uncertain. The company undertakes no obligation to publicly revise or update such statements, except as required by law. You are advised, however, to consult any further public disclosures by the company (such as in our filings with the SEC or in company press releases) on related subjects.\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/flowers-foods-acquires-assets-of-koffee-kup-bakery-301307148.html<\/a><\/p>\n

SOURCE Flowers Foods, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire THOMASVILLE, Ga., June 7, 2021 \/PRNewswire\/ —\u00a0Flowers Foods, Inc. (NYSE: FLO), producer of\u00a0Nature’s Own,\u00a0Dave’s Killer Bread,\u00a0Wonder,\u00a0Canyon Bakehouse,\u00a0Tastykake, and other bakery foods, announced today that it has acquired the assets of Koffee Kup Bakery, Inc. (KKB) in Burlington, Vermont from the court-appointed receiver of the assets. Financial terms of the transaction were not disclosed. The acquisition includes three closed bakeries located in Burlington and Brattleboro, Vermont and North Grosvenor Dale, Connecticut, and the Koffee Kup Bakery and Vermont Bread Company brands. “This acquisition brings brands and production capacity in the Northeast, a key growth market for our company,” said Ryals McMullian, Flowers Foods president and CEO. “The Koffee Kup and Vermont Bread Company brands have a strong consumer following … <\/p>\n

Continue reading “Flowers Foods Acquires Assets Of Koffee Kup Bakery”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-501532","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFlowers Foods Acquires Assets Of Koffee Kup Bakery - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/flowers-foods-acquires-assets-of-koffee-kup-bakery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flowers Foods Acquires Assets Of Koffee Kup Bakery - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire THOMASVILLE, Ga., June 7, 2021 \/PRNewswire\/ —\u00a0Flowers Foods, Inc. (NYSE: FLO), producer of\u00a0Nature’s Own,\u00a0Dave’s Killer Bread,\u00a0Wonder,\u00a0Canyon Bakehouse,\u00a0Tastykake, and other bakery foods, announced today that it has acquired the assets of Koffee Kup Bakery, Inc. (KKB) in Burlington, Vermont from the court-appointed receiver of the assets. Financial terms of the transaction were not disclosed. The acquisition includes three closed bakeries located in Burlington and Brattleboro, Vermont and North Grosvenor Dale, Connecticut, and the Koffee Kup Bakery and Vermont Bread Company brands. “This acquisition brings brands and production capacity in the Northeast, a key growth market for our company,” said Ryals McMullian, Flowers Foods president and CEO. “The Koffee Kup and Vermont Bread Company brands have a strong consumer following … Continue reading "Flowers Foods Acquires Assets Of Koffee Kup Bakery"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/flowers-foods-acquires-assets-of-koffee-kup-bakery\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-07T20:34:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL03002&sd=2021-06-07\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flowers-foods-acquires-assets-of-koffee-kup-bakery\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flowers-foods-acquires-assets-of-koffee-kup-bakery\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Flowers Foods Acquires Assets Of Koffee Kup Bakery\",\"datePublished\":\"2021-06-07T20:34:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flowers-foods-acquires-assets-of-koffee-kup-bakery\\\/\"},\"wordCount\":1166,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flowers-foods-acquires-assets-of-koffee-kup-bakery\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL03002&sd=2021-06-07\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flowers-foods-acquires-assets-of-koffee-kup-bakery\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/flowers-foods-acquires-assets-of-koffee-kup-bakery\\\/\",\"name\":\"Flowers Foods Acquires Assets Of Koffee Kup Bakery - 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