Tue., April 12, 2011 6:39pm (EDT)

Flowers Foods Takes Over Competitor
By Rickey Bevington
Updated: 3 years ago

ATLANTA  —  
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. (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.