Bimbo Bakeries to tighten grip on Northeast US with Pennsylvanian plant
By Kacey Culliney
Last updated on
Bimbo Bakeries has splurged out $75m on land to build a bakery plant in Pennsylvania as it continues to invest heavily in securing a stronger grip on the Northeast region of the US.
High raw material prices and costly integration of Sara Lee operations led to a sharp net profit slump for Mexican bread titan Grupo Bimbo in the third quarter (Q3).
Flowers Foods has expanded its bakery empire with the acquisition of certain Sara Lee and Earthgrains assets and trademarks in California and Oklahoma City from Grupo Bimbo subsidiary BBU, Inc, for an undisclosed sum.