Flowers Foods acquires the gluten-free baker Canyon Bakehouse for US$205m

USA – Flowers Foods, the American premier baker has agreed to acquire Canyon Bakehouse, a gluten-free baking company based in Colorado, for approximately US$205 million. This includes a performance-based contingent payment of US$5 million, subject to regulatory approval and customary closing conditions. The transaction is expected to be completed later in the fourth quarter of 2018.…