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, Plain and 100% Whole Wheat varieties, and frozen bagels in Blueberry, Cinnamon Raisin Swirl, New York Style Onion, Original Onion and Plain varieties.
Food Business News reports that Conagra Brands acquired the Lender’s Bagels business when it bought Pinnacle Foods in 2018. Pinnacle Foods had itself owned the business since 2003.
Terms of the deal were not disclosed.
Source: Conagra Brands / Food Business News / Lender’s Bagels