Ownership of Love's Bakery returns to Hawaii

HONOLULU (KHNL) - Hawaii's last large commercial supplier of freshly baked bread will once again become locally owned.

Local management of Daiichiya-Love's Bakery signed an agreement Tuesday to buy the iconic 157-year-old bakery from its parent company, the Japan-based First Baking Company, preserving the jobs of more than 340 employees.

"The bakery's unbroken 157-year legacy of producing fresh, quality bread in Hawaii is worth preserving," said bakery president Mike Walters.  "We enjoy tremendous brand loyalty in the Islands, demonstrated by the dominant market share of the Love's, Roman Meal, and Milton's brands. By buying Love's Bakery products, local residents know that they are supporting a friend. We are committed to revitalizing our operations and continuing that tradition for another 150 years." 

The bakery produces more than half a million pounds of baked products each week for distribution to grocery stores, military bases, restaurants, schools and hospitals across the state.