Sector News

Flowers Foods buys bakery firm Canyon Bakehouse for $205m

November 8, 2018
Food & Drink

Flowers Foods has agreed to acquire Canyon Bakehouse, a gluten-free baking company based in Colorado, for approximately $205 million.

Canyon Bakehouse offers a line of 21 gluten-free breads, buns, bagels, English muffins, and specialty items. Almost 90% of its sales are distributed frozen through retailers in the US. The firm is said to have generated a compound annual net sales growth rate of approximately 45% since 2014.

The company was founded by Josh and Christi Skow and Ed Miknevicius in 2009 after Christi was diagnosed with celiac disease. It now employs 206 people and operates in a new 165,625-square-foot bakery with two production lines in Johnstown, Colorado.

After the transaction, which is expected to be completed in the fourth quarter of 2018, Josh Skow will continue to lead the business as president and Christi Skow will serve as brand ambassador.

Flowers Foods president and CEO Allen Shiver said: “Canyon Bakehouse is an innovative leader in a growing segment of the bakery category, which closely aligns this acquisition with our strategic goals.

“They have great products, a talented team of employees, a state-of-the-art gluten-free bakery, and a brand with an enthusiastic fan following. We see opportunities to leverage Flowers Foods’ distribution network and retail partnerships to drive growth by bringing Canyon Bakehouse products to more consumers across the country. We look forward to welcoming Josh, Christi and the rest of Canyon Bakehouse’s employees to the Flowers team.”

Canyon Bakehouse CEO and founder Josh Skow added: “Since the beginning, the mission of Canyon Bakehouse has been to help those who have given up gluten to love bread Again. We are tremendously pleased with the brand, the products and the teams that we have developed and grown over the past nine years, and we are thankful for the many partners who have helped us along the way.

“We are now very excited about the opportunities for our company alongside Flowers Foods. With Flowers’ national reach, we will be able to bring our gluten-free products to many more consumers. Flowers shares our passion for baking and they understand what makes our company and our products unique. We look forward to joining the Flowers Foods family.”

Source: FoodBev

comments closed

Related News

May 27, 2023

Adventure and novelty identified as 2023 flavor trends

Food & Drink

Kerry’s 2023 flavor insights report reveals the latest foodservice flavor trends consumers are seeking, including new combinations of traditional tastes, indulgence, and younger consumers seeking unconventional mashups of food and beverages they grew up with in combination with emerging flavors from other regions.

May 27, 2023

Nestle names new head of operations

Food & Drink

Stephanie Pullings Hart has been named deputy head of operations at Nestle SA, effective July 1. She will succeed Magdi Batato, who is set to retire after a 30-plus-year career at Nestle. Ms. Pullings Hart is currently senior vice president of operations at Warby Parker, where she is responsible for manufacturing, supply chain and customer experience.

May 27, 2023

Givaudan harnesses AI to develop “futurescaping platform” to forecast future food

Food & Drink

Customer Foresight can identify early indications about impending future shifts that will impact the food and beverage industry. According to Givaudan, it is designed to support customers in understanding, planning for and addressing disruptive changes in consumer desires, guiding strategic planning, and leading to co-creation opportunities.

How can we help you?

We're easy to reach