FDBusiness.com

Green Light For Grupo Bimbo Acquisition of Canada Bread

 Breaking News
  • FrieslandCampina Strengthens US Presence Royal FrieslandCampina, the global dairy group, has acquired US-based importer and distributor Jana Foods. The acquisition will further strengthen FrieslandCampina’s position in supplying Dutch specialty cheese to the US market. Jana Foods will be integrated in the FrieslandCampina Consumer Dairy USA business. “This acquisition supports our strategy of investing for growth. This investment is in line [...]...
  • Greencore Well Placed to Drive Future Growth in Core UK Market Greencore Group, a leading manufacturer of convenience food in the UK, has reported a 4.2% increase in revenue from continuing operations to £1.499 billion for the year ending 28 September 2018. Adjusted operating profit rose by 3.6% to £110.6 million, with improved profits in food to go categories being partly offset by a decline in [...]...
  • Strategic Partnership Sets New Industry Standard For Sourcing Cocoa Dutch impact organization Tony’s Chocolonely, retailer Albert Heijn and chocolate manufacturer Barry Callebaut have forged a strategic partnership to end child labour and modern slavery in the chocolate industry. Together the companies are setting a new industry standard that increases pressure on the wider chocolate industry to drive structural change to work towards a more [...]...
  • Global Premium Water Growing 8% a Year Global sales of premium bottled water reached US$16.5 billion at consumer prices in 2017, 48% more than five years ago, according to a new report from Zenith Global, the global food and drink experts. Consumption volume also rose strongly by 26% over the five years to 11.2 billion litres. “This 8.1% annual value growth, compared with [...]...
  • Exports Boost Europe’s Beer Production to Eight-year High Europe’s beer production rose to an eight-year high in 2017 bolstered by record exports, a rise in micro-breweries and increased low-alcohol products. According to The Brewers of Europe’s latest report on Europe’s beer sector, production increased by 2 million HL 39.6 billion litres, exports reached an all-time high, with one in five beers shipped abroad and [...]...

Green Light For Grupo Bimbo Acquisition of Canada Bread

Green Light For Grupo Bimbo Acquisition of Canada Bread
May 15
11:39 2014

Grupo Bimbo has received approval from the Canadian Minister of Industry to acquire Canada Bread Company. The C$1.83 billion (Eur1.22 billion) transaction is expected to close 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 strategically located 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, among others. Grupo Bimbo produces over 10,000 products and has one of the most extensive direct distribution networks in the world, with more than 52,000 routes and more than 123,000 employees. Grupo Bimbo’s shares have traded on the Mexican Stock Exchange since 1980.

Canada Bread is one of the leading manufacturers and marketers of bakery products, including sliced bread, buns, bagels, English muffins and tortillas in Canada, frozen bread in North America, and specialty bakery goods in the United Kingdom.

The acquisition advances Grupo Bimbo’s global growth strategy with the entry to the attractive Canadian market through the acquisition of a baking company whose portfolio of premium brands includes Dempster’s®, POM®, Villaggio®, Ben’s®, BON MATIN® and McGAVIN’S®. Canada Bread enjoys strong relationships with key retailers and leading foodservice accounts in Canada and holds strong market positions in all bread categories. Canada Bread employs approximately 5,400 associates and operates 25 bakeries in Canada, the United States, and the UK, as well as Canada’s largest direct store delivery network for fresh bakery that reaches over 41,000 points of sale.

The acquired business generates annual sales of C$1.44 billion and EBITDA of C$1852 million.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements