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 …
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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 …
The US division of bakery firm Bimbo is to close two production facilities by early 2017, according to a report in Food Business News. The firm’s Lubbock, TX facility is set to close by early January, Bimbo said, with production shifted to Rockwall, TX. The plant, which makes bread and buns, was initially acquired as part of Bimbo’s purchase of Mrs Baird’s in 1998. Elsewhere, Bimbo’s facility in Sunbury, PA, acquired …
As part of its Nutrella Supreme branded line of nutritionally-enhanced breads, bakery giant Bimbo has unveiled a new sliced loaf named Cereals & Cacau in Brazil, according to an article in Giro News. Nutrella Supreme Wholegrain Bread with Cereals & Cacau is promoted as high in fibre and is said to combine sweet and savoury flavours. Sunflower seeds, oatflakes and oatmeal are listed among the ingredients alongside whole and fortified …
Mexican bakery firm Grupo Bimbo has reached an agreement to sell the bread brands of Panrico and other assets in Portugal, Spain and Andorra, including production units, to Iberian food group Adam Foods, according to a report in Jornal De Negocios. The move is a result of a change to Bimbo’s previous acquisition agreement in relation to the Panrico business, which had excluded bread products in order to avoid anti-trust …
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