Grupo Bimbo acquires Saputo Bakery
Canada Bread Co. Ltd., Toronto, a subsidiary of Grupo Bimbo S.A.B. de C.V., Mexico City, has completed the acquisition of the total shares outstanding of Saputo Bakery Inc., a subsidiary of Saputo Inc. Saputo Bakery Inc. will now operate under the company name Vachon Bakery Inc.
Vachon Bakery, a leading producer of snack cakes in Canada, strengthens Canada Bread's position for growth. The acquisition includes well-positioned brands such as Vachon, Jos Louis, Ah Caramel, Passion Flakie and May West.