Mexico’s Bimbo to Increase its 2022 Investment to $1.5B
Mexican breadmaker Grupo Bimbo reported a 66.9% increase in fourth quarter net profit on Tuesday, driven by strong sales, lower financing costs and an effective income tax rate. …
Bimbo Bakeries
Ohio Senator Brown Tours Bimbo Bakery, Meets With Union Workers
1 U.S. Sen. Sherrod Brown (D-OH) toured a Bimbo Bakeries manufacturing plant and joined leaders and employees to discuss pension relief he helped secure for Ohio workers, retirees, and small businesses in the American Rescue Plan. Employees at the facility are represented by the Bakery, Confectionery, Tobacco Workers and Grain Millers’ (BCTGM) International Union Local 57, and will benefit from Brown’s pension fix. …
Emmy’s Organics Acquired by International Bakery Firm
The gluten-free cookie maker, which now operates out of a production and warehouse facility in the town of Dryden, has been acquired by Mexico-based Grupo Bimbo, better known in the states as Bimbo Bakeries. The Bimbo name may not be familiar, but their products are supermarket staples, with brands such as Sara Lee, Entenmann’s, and Freihofer’s. …
Bimbo and Gruma Want to Sell More Bread and Tortillas Abroad
Mexico’s 126m people buy $55bn-worth of packaged food annually. Sales of such fare have been growing quickly. This trend should have lifted the likes of Bimbo and Gruma, its biggest maker of tortillas. Instead, like many Mexican businesses in recent years of sluggish economic growth, they have fallen out of favour with investors. …
Conagra Brands Completes Divestiture of Lender’s Bagel Business to Bimbo Bakeries USA
Conagra Brands, Inc. (NYSE: CAG) announced that it has completed the divestiture of its Lender’s Bagel business to Bimbo Bakeries USA, Inc., a subsidiary of Grupo Bimbo S.A.B. de C.V. The transaction included the Lender’s brand and related intellectual property, the production facility in Mattoon Ill., and inventory. …