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Grupo Bimbo, S.A.B. de C.V. (also known simply as Bimbo) is a Mexican multinational food company with a presence in over 33 countries located in the Americas, Europe, Asia and Africa. [1] It has an annual sales volume of 15 billion dollars [ 2 ] and is listed on the Mexican Stock Exchange with the ticker BIMBO.
In November 2011, Sara Lee Corporation completed the sale of its North American fresh bakery business to Grupo Bimbo for $709 million. [17] Sara Lee also sold its fresh-bakery businesses in Spain and Portugal to Grupo Bimbo for 115 million euros ($158.3 million), in a deal announced in October 2011.
U.S. sales accounted for 41% of Grupo Bimbo's business in the third quarter. Sponsored Links. A deal between Sara Lee and Grupo Bimbo could be struck as early as this week, but Bloomberg noted ...
Grupo Bimbo was to use the Sara Lee name for fresh-baked products around the world except for Western Europe, Australia and New Zealand. The deal also gave Grupo Bimbo 41 baking plants, and the regional brands Grandma Sycamore's, Heiner's and Rainbo. [18] On January 28, 2011, Sara Lee announced the company would be split into two units.
Chairman W. Galen Weston noted that the Grupo Bimbo sale represented the company's biggest deal ever and along with the sale of the dairy division would result in $5 billion in cash on corporate balance sheets, thereby allowing the company to consider future acquisitions. [50]
Entenmann's is a 127 year old company originating in New York City.William Entenmann learned the trade of baking from his father in Stuttgart, Germany, and used his acquired skills to work in a bakery in the U.S., eventually opening his own bakery in 1898 on Rogers Avenue in Brooklyn. [1]
The logo of Thomas'. Thomas' is a brand of English muffins and bagels in North America, established in 1880.It is owned by Bimbo Bakeries USA, one of the largest baking companies in the United States, which also owns Entenmann's, Sara Lee, Stroehmann, and Arnold Bread companies.
The snack cake took precedence in the Marinela brand, and Lorenzo Servitje and Jaime Jorba, two of the original founders of Grupo Bimbo and Marinela, called Gansito the star of Marinela products. [4] Gansito became Marinela's product leader, representing 65% of all product sales.