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Packaged bakery products producer Flowers Foods, Inc. said Monday it will buy Holsum Bakery, Inc. in a cash and stock deal. The financial terms were not disclosed.
Holsum will operate under its current name as a subsidiary of Flowers Foods, the company said. Holsum provides fresh bakery products to retail and foodservice customers in Arizona, New Mexico, southern California, and southern Nevada.
The company said Ed Eisele, Holsum's president and majority owner, will continue to lead Holsum after the acquisition is completed.
Thomasville, Ga.-based Flowers Foods said the deal will allow it expand its operations and build value to shareholders.