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Items Tagged with 'Grupo Bimbo'
Canada Bread Co. announces it is being purchased by Mexico’s Grupo Bimbo for $1.83 billion.
Mexico City-based Grupo Bimbo has emerged as the leading candidate to acquire Canada Bread Co. Ltd. from majority owner Maple Leaf Foods Inc., says Reuters.
Grupo Bimbo and Flowers Foods are said to be among the early bidders for Canada Bread, the bakery business that’s majority-owned by Canadian food group Maple Leaf Foods.
Grupo Bimbo, S.A.B. de C.V., Mexico City, says its Bimbo Bakeries USA Inc., Horsham, Pa., has completed its $31.9-million purchase of the Beefsteak brand, acquired as part of the Hostess Brands bankruptcy proceedings. Also, the company announces that CEO Daniel Servitje Montull will replace retiring Don Roberto Servitje Sendra as board chairman.