Flowers Foods, a producer of packaged baked foods, will invest $25 million to expand and transform its Virginia bakery into an organic facility, creating 15 new jobs. The bakery, which the company has operated for more than 40 years, will serve the Mid-Atlantic U.S. market.
“This expansion represents a tremendous opportunity for us to meet the increasing demand for our Dave’s Killer Bread organic, Non-GMO Project Verified breads,” said Brad Alexander, chief operating officer of Flowers Foods, in a press release from the Virginia Economic Development Partnership. “We chose to convert our Lynchburg bakery for a number of reasons, including its geographic location, access to key interstate highways, and the partnership we have with local and state agencies. However, one of the more compelling reasons was the outstanding team of individuals we have at our bakery. We look forward to the successful completion of this project by late summer.”
Purity Organic, an organic food company based in Oakland, Calif., has announced the acquisition of Dunn’s River Brands, maker of Sweet Leaf Tea and Tradewinds Beverage Co.
Califia Farms, maker of plant-based milks and ready-to-drink coffee, has raised $225 million from global investors in a series D financing round.
U.S. quick-service restaurant (QSR) chains, which represent the bulk of industry transactions, had four consecutive weeks of transaction increases in the retail month of December and were the primary contributor to the total industry gains in the month, according to The NPD Group.
TreeHouse Foods has announced the dissolution of the previously announced agreement to sell its ready-to-eat (RTE) cereal business to Post Holdings.
Cott has entered into a definitive agreement pursuant to which Cott will acquire Primo Water for $14 per share, a transaction that values Primo at approximately $775 million.