Multinational bakery firm Grupo Bimbo has announced plans to close manufacturing plants in Auburn and Olean (NY), and a third in San Antonio (TX), as part of ongoing restructuring efforts. The closure of the two plants in New York will reduce the company’s presence in the state to just two facilities, both in Albany. The latest closures follow announcements earlier this year that facilities in Nebraska, as well as New …
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Bimbo Canada, a subsidiary of Mexican bakery giant Grupo Bimbo, has announced plans to shutter its manufacturing plant in Levis, Quebec province. The decision comes against a decline in production and strategic efforts to improve efficiency, increase capacity utilization and reduce overall costs, the company said in a statement. Bimbo’s portfolio in Canada includes brands such as Dempster’s, Stonemill, Villaggio, Natural Bakery, POM, Vachon, Little Bites and Takis. Commenting on …
Bimbo, the Mexican bakery giant, has announced plans to close its baking plant in Albuquerque, New Mexico by April. Launched in 1945 in Mexico City, Bimbo is a leading player in the US bakery market, operating 59 plants, employing approximately 20,000 associates and running over 700 sales centers. Its brands include Thomas, Sara Lee, Arnold, Brownberry, Oroweat, Entenmann’s and Stroehmann. In a statement, Bimbo is said to have cited volume …
Bakery firm Bimbo has announced it plans to invest C$15 million ($11.2 million) in a new tortilla production line in Hamilton, in Canada’s Ontario province. According to an article in Canadian Grocer, the company made the decision to invest in the new line in order to meet growing market demand in Western Canada. Bimbo’s investment is supported by the Ontario government which is providing CAD $1.5 million ($1.1million) for the …
Bimbo, the Mexican bakery giant, has acquired the Lender’s Bagels business from US food firm Conagra Brands via its subsidiary Bimbo Bakeries USA. Announcing the divestment in a press release, Conagra Brands said the transaction included the Lender’s brand and related intellectual property, as well as a production facility in Mattoon, IL, and inventory. Founded in 1927, Lender’s Bagels offers refrigerated bagels in Blueberry, Cinnamon Raisin Swirl, Egg, French Toast, Onion, …
Multinational Mexican bakery firm Grupo Bimbo has announced the launch of a new line of high-iron bread products targeted at children, which is being marketed under the Bimbo Iron Kids brand. According to La Republica, the product launch is part of the company’s ‘Let’s Talk About Iron’ campaign, which is described as being focused on improving children’s intake of iron in order to prevent diseases such as iron-deficiency anaemia. The …
Mexican bakery firm Grupo Bimbo has acquired East Balt Bakeries, a US foodservice supplier of bakery products, for $650 million. With annual sales of over $420 million, East Balt Bakeries is a leading producer of bakery products with a presence across 11 countries in the US, Europe, Asia, the Middle East and Africa. “With the entry into eight new countries, this acquisition boosts the company’s vision of expanding our global …
Mexican multinational bakery company Bimbo has launched its first line of bakery snacks in the UK under the Bimbo na under the Bimbo Little Adventures brand name. According to Tim Barkey, marketing director of Grupo Bimbo, the new Bimbo Little Adventures brand range was developed to tackle the lack of “innovation, inspiration and variety” among existing products. “As the leading bakery company worldwide, operating in many countries across the globe, we …
Mexican bakery firm Grupo Bimbo has acquired a 65% stake in the Indian company Ready Roti for an undisclosed amount. The New Delhi-based maker of bread, pizza bases, as well as sweet and savoury buns, operates four plants, generating annual sales of around $48 million. “This acquisition represents Grupo Bimbo’s entry to the Indian market, strengthening its presence in emerging markets, in line with its vision”, Grupo Bimbo said. Grupo …
Grupo Bimbo, one of the world’s leading bakery firms, has reached an agreement to acquire Panattiere, a frozen bakery firm based in Colombia. Established in 2015, Panattiere specializes in pre-baked and frozen baked products, including baguettes, ciabatta, puff pastry, croissant, soft bread, sandwich rolls and muffins. Daniel Servitje, Grupo Bimbo chairman and chief executive officer, said the acquisition of Panettiere would “enable us to participate in the in-store and food service …
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