Flowers Foods Seeks to Divest Tastykake Baked Goods Business
Flowers Foods is seeking to divest the Tastykake baked goods business as it expands higher-growth brands and reshapes its portfolio. Tastykake, based in Thomasville, Georgia, accounts for about $400 million of Flowers’ roughly $5.3 billion in sales. The company bought Tastykake in 2011 for $175 million after it was publicly traded.