Flowers Foods Inc. (NYSE: FLO) has agreed to acquire family-owned natural bread producer Alpine Valley Bread Co. for $120 million in cash and stock.

Alpine, founded in 1997, makes organic bread under the Super Grains, 21 Whole Grains and Multi Grain Omega -3 brands. The target owns two bakeries in Mesa, Arizona and is predicting 2016 sales of up to $95 million.  After the deal is completed, Alpine will remain an independent subsidiary of Flowers.

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