Mexico: Grupo Bimbo to acquire Emmy’s Organics

Grupo Bimbo, the Mexican bakery company has announced the acquisition of Emmy’s Organics, a US-based organic cookie producer.

According to Grupo Bimbo, Emmy’s Organics is a manufacturer of ultra-premium organic cookies and a major player in gluten-free cookies. The company added that this acquisition allows an “entry point into the quickly growing better-for-you cookie and sweet baked goods market”.

Bimbo CEO Daniel Servitjesaid said: “We continue to see strong demand and extraordinary run rates in our core business. We held and grew market share across our key categories and saw a recovery of those channels and categories that suffered during the pandemic. As we move forward, we will continue to invest in our associates, our brands, in the entire value chain, in our sustainability strategy and in our digital transformation projects to achieve our vision”.

The transaction values have not been disclosed.

Source: Forbes