date:May 28, 2012
Speaking to analysts about Flowers Foods first quarter results yesterday, chief executive George Deese noted that a decade ago, there were eight major baking companies in the US, while today there are roughly three[Bimbo, Flowers and Hostess]plus Pepperidge Farm.
The consolidation of the baking industry will continue
And Georgia-based Flowers - which has just completed a $400m bond offering to raise funds for future acquisitions, general corporate purposes and working capital -is on the acqu