Industry News

Grupo Bimbo acquires Canada Bread

Grupo Bimbo, S.A.B. de C.V., Mexico City, completed its acquisition of Canada Bread Co. Ltd., Toronto, on May 23. The integration of Canada Bread will be reflected in Grupo Bimbo´s consolidated second quarter results starting on May 23, 2014.

Grupo Bimbo is one of the largest baking companies in the world in terms of production and sales volume. As the market leader in the Americas, Grupo Bimbo has 144 plants and more than 1,600 distribution centers in 19 countries throughout the Americas, Europe and Asia. Its main product lines include sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks and confectionery products.

Grupo Bimbo produces more than 10,000 products and has extensive direct distribution networks with more than 52,000 routes and more than 123,000 associates.

Source: PR Newswire

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