Grupo Bimbo, the Mexico-headquartered bakery conglomerate, has agreed to acquire Joy Food International, a Moroccan producer of packaged industrial bread, through its Spanish subsidiary Bakery Iberian Investments SL. The transaction involves the purchase of 100% of the share capital and voting rights of the Casablanca-based firm. Founded in 2009, Joy Food International operates a production facility in the Lissasfa industrial zone, manufacturing a portfolio that includes burger buns, sandwich bread, …
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Grupo Bimbo
Multinational bakery firm Grupo Bimbo has announced the closure of a manufacturing facility located in San Cristobal, in the Spanish city of Valladolid According to sources, the factory manufactures cakes for brands such as Donuts, Bollycao, Donettes and Tigreton. A second factory in nearby Medina del Campo, which was acquired two years ago from Cerealto Siro Foods and manufactures a different product range, is unaffected by the decision. The firm …
Mexico-based multinational bakery firm Grupo Bimbo has reached an agreement to acquire its Brazilian peer Wickbold for an undisclosed sum. This acquisition includes the Wickbold and Seven Boys brands, which offer packaged bread and sweet baked goods such as biscuits, bisnaguinhas (a brioche-style sweet bread), and panettones, along with four manufacturing facilities located in the south of Brazil. Commenting on the move, Grupo Bimbo CEO Rafael Pamias said: “We will …
Grupo Bimbo has reached an agreement to acquire Romania’s largest bakery firm Vel Pitar, thus adding a new market to its portfolio, according to a report in Profit.ro. The manufacturer was purchased from Broadhurst Investments, an investment fund controlled by NCH Capital, in a deal reportedly worth around €200 million. In 2021 (the last year for which financials are available), Vel Pitar reportedly had a turnover of 586.2 million RON …
Multinational Mexican bakery Grupo Bimbo has announced an investment of $630 million to build two new facilities in Georgia and Ohio in the USA. The facility in Georgia, which will be the second plant of Grupo Bimbo in the city, will cost around $200 million creating nearly 300 new jobs, while the facility in Ohio will cost around $431 million generating over 320 jobs. Grupo Bimbo is a manufacturer of …
Mexican bakery giant Grupo Bimbo has announced the acquisition of the UK based bakery St. Pierre Groupe. The deal is expected to accelerate the rapid growth of St Pierre Group in the USA and increase international expansion. St. Pierre Groupe is a producer of brioche buns, brioche bagels, and brioche sub rolls, inspired by the Parisian cafe culture and with a growing presence in the USA. The company sells its …
Spanish snacking firm Grupo Apex has announced the acquisition of popcorn brand Pop Up from Grupo Bimbo for an undisclosed sum. Grupo Apex said it had also signed a long-term agreement that grants the exclusive distribution in Spain, Portugal and Andorra for the Eagle nuts brand. “Both operations, which are added to the recent acquisition of the Catalan manufacturer of vegetable chips Viube Foods, are part of the strategy of …
Mondelez International, snack and confectionery multinational, has agreed to pay US$1.3bn for the Mexican confectionery business Ricolino from bakery firm Grupo Bimbo. Ricolino was launched in 1970 and sells snacks and confectionery products including lollipops, marshmallows, chocolates, and gummies under its brand name, and Vero, La Corona, and Coronado brands. According to sources, this acquisition is part of Mondelez International expansion strategy outside the US, which has described Mexico as …
Multinational Mexican bakery firm Grupo Bimbo has acquired Popcornopolis from private equity firm NexPhase Capital through its Barcel USA subsidiary for an undisclosed sum. Founded in 2003, Popcornopolis is a California-based manufacturer of ready-to-eat gourmet popcorn snacks, best known for its cone-shaped packaging and indulgent flavours such Zebra, Unicorn, and Doble Drizzle. “We have only scratched the surface of the potential of this brand, and we are excited to introduce …
Aryzta, the Switzerland-based manufacturer of bakery products, has announced the sale of its Brazil business to Mexican Grupo Bimbo, according to a report in Just Food. This sale is described as being in line with Aryzta’s commitment to focus its business on European and Asina markets. The company had earlier this year sold its North American business to an affiliate of US private equity firm Lindsay Goldberg. Urs Jordi, Aryzta chairman and …
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