PHILADELPHIA - A Georgia food company announced a $34.4 million cash deal Monday to acquire Tasty Baking Co., the iconic maker of Tastykakes and other packaged sweets that earlier this year was forced by financial difficulties to explore a merger or sale.
Thomasville, Ga.-based Flowers Foods Inc., which makes breads, buns, rolls, snack cakes, pastries, and tortillas, is paying $4 a share for Tasty Baking's 8.6 million shares outstanding. The price is more than double Tasty Baking's closing price Friday of $1.61 a share.
New store in town: West Newton County residents have a new shopping venue, A Dollar General, that will celebrate its grand opening at 8 a.m. on Saturday at 3227 Salem Road. The grand opening will feature prize giveaways and the first 50 customers will receive $10 gift cards. The first 200 will receive tote bags. The store will employ six to 10 workers, according to a release. Learn more at dollargeneral.com.
Covington resident J. Mark Davis, president of the Coca-Cola Scholars Foundation and treasurer of the Phi Theta Kappa Foundation Board of Trustees, will be named an International Honorary Member of Phi Theta Kappa during the Society's 2011 Annual Convention in Seattle April 7-9.
Chris and Teri Haler met while attending the Atlanta Art Institute in pursuit of careers in graphic design. Finding each other through their passion for their art, they married a year after graduation and eventually went into business together.