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Flowers Foods to draw on credit facilities to fund Lepage acquisition
By Tali David
Minneapolis, May 31 - Flowers Foods, Inc. plans to draw on its existing credit facilities to fund its acquisition of Lepage Bakeries Inc. and certain affiliated companies, according to a press release.
The acquisition, which will total $370 million, is expected to be completed in the fiscal second quarter.
Flowers is a Thomasville, Ga.-based producer and marketer of packaged bakery foods for retail and foodservice customers.
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