Jones Day partner Sterling A. Spainhour Jr. in Atlanta recently pitched in to help Flowers Foods Inc. expand its reach in selling sandwich bread, rolls, buns and snack cakes.
Flowers, of Thomasville, Ga., reached two separate purchase agreements for baking companies in the past month: Holsum Bakery Inc. of Phoenix for $150 million, and ButterKrust Bakery of Lakeland, Fla., for $90 million. Both deals are subject to regulatory approval. Spainhour, who was lead counsel to Flowers on both transactions, declined to comment.
Holsum Bakery operates two bakeries in Arizona and sells bread in Arizona, California and Nevada under the Holsum, Aunt Hattie’s and Roman Meal brands. ButterKrust operates one bakery and distributes bread products in Florida under the Country Hearth, Rich Harvest and Sunbeam brands.
Flowers’ brands include Nature’s Own, Cobblestone Mill, Sunbeam and Bunny Bread.
Flowers’ general counsel is Stephen R. Avera. Snell & Wilmer was counsel to Holsum Bakery. ButterKrust’s counsel wasn’t disclosed.