Canada: Canada Bread – packaged bread
Grupo Bimbo marked its first move into the Canadian market back in February, last year with the multi-billion acquisition of Canada Bread.
The C$1.83bn ($1.41bn) buy saw Bimbo purchase the majority of Canada Bread shares (90%) from Maple Leaf Foods.
The acquisition included 25 bakeries across Canada, the US and the UK along with control of Canada’s largest direct store delivery network.
CEO Servitje said it took Bimbo into an “attractive” market.