Flowers Foods Strengthens Portfolio With Acquisition of Simple Mills

Flowers Foods, Inc. (FLO) has taken a significant step forward in its strategic growth journey by entering into a definitive agreement to acquire Simple Mills for $795 million in cash. This acquisition represents a transformative move for Flowers Foods, delivering substantial benefits across its business operations and financial profile. Financed through a $795 million term loan from the Royal Bank of Canada, the deal is anticipated to close in the first quarter of 2025, subject to regulatory approvals.The ...