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Tuesday, April 12, 2011 - 2:39pm

Flowers Foods Takes Over Competitor

Updated: 3 years ago.
Thomasville-based bread products company Flowers Foods is buying a major snack cake company. (Image by: momsrecipesandmore Blogspot)

Thomasville-based bread products company Flowers Foods is buying a major snack cake company.

Flowers says taking over Philadelphia-based TastyKake gives the company access to 24 million more consumers.

The purchase price is $165 million. Flowers Foods was founded in south Georgia in 1919.

Today its annual sales are $2.6 billion.

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