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Flowers Foods: Bakeries
built 224 days ago
When Flowers Foods purchased Ideal Baking Co., Batesville, Ark., in October 2002, it inherited the Healthline label, which Ideal Baking used sporadically on its bread and roll products. "We (Flowers Foods) felt that Healthline had a lot more legs than it was currently being given credit for," Janice Anderson, Flowers Bakeries' vice president of marketing, says. "And we felt that we had the opportunity to develop it into something greater than it was."
Flowers Foods (NYSE:FLO) is one of the leading producers and marketers of bakery foods for retail and foodservice customers, operating 36 bakeries in 11 states. Flowers' brands include Nature's Own, Whitewheat, Cobblestone Mill, ButterKrust, Mary Jane, Mrs. Freshley's and Blue Bird.
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Flowers Foods plans to build a 200,000-square-foot bakery on the property that will produce fresh breads and buns for markets in Tennessee, Kentucky, Ohio, and Indiana. Construction is expected to begin in January 2008. The bakery will open with one production line in fall 2008 and initially will provide employment opportunity for approximately 100 people. A second production line will be added later. Flowers expects to invest approximately $52 million in the bakery over the next two years.
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Flowers Foods has two operating groups. The Bakeries Group handles fresh breads, buns, rolls, and snack cakes that are sold regionally through a direct-store-delivery (DSD) system that reaches about 35 percent of the U.S. population. This DSD system is backed by a network of highly motivated independent distributors. The Specialty Group is responsible for the national distribution of fresh snack cakes and frozen breads and rolls that are sold direct to customers' warehouses by frozen and non-frozen contract carriers.
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George E. Deese has been the Chairman of Flowers Foods Inc., since January 1, 2006 and its Chief Executive Officer since January 4, 2004 and as President May 2002. Previously, Mr. Deese served as Chief Operating Officer of Flowers Foods Inc., since May 2002. Previously, he served as President and Chief Operating Officer of Flowers Bakeries, Inc., a subsidiary of Flowers Industries Inc., from January 1997 to May 2002. Prior to that, he served as President and Chief Operating
Located in Suwanee, Georgia, the facility is situated within a building that ... separately houses a bakery, which Schwan has simultaneously sold to Flowers Foods. CPA(R):16 - Global and Flowers hold condominium interests in their respective portions of the building. W. P. Carey is leasing separate freezer sections of its cold storage space to both Schwan and Flowers under individual long-term leases.
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