East Balt Bakeries recently announced that their owners, One Equity Partners, signed a definitive agreement to sell East Balt Bakeries to Grupo Bimbo S.A.B de CV.
Grupo Bimbo, as part of its continuous pursuit for innovation and to promote the development of entrepreneurs and startups, has announced the start of Bimbo Ventures, an area especially dedicated to finding and driving high potential projects.
Don Lorenzo Servitje passed away on February 3 at the age of 98, surrounded by his extended family that included eight children, 24 grandchildren, and over 50 great-grandchildren.
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.
