Grupo Bimbo has acquired St Pierre Groupe, a maker of brioche products which has a growing U.S. presence. Grupo Bimbo's third-quarter financial results report briefly mentioned the transaction.
The report says that Grupo Bimbo's total debt on September 30 was Ps. 100 billion, compared to Ps. 93 billion on December 31, 2021. The increase was "primarily due to the capital investments, share buybacks, and the acquisition of St Pierre."