US, Spain & Portugal: Sara Lee – fresh bakery
Grupo Bimbo’s first large US acquisition came in November, 2011 with the acquisition of Sara Lee operations in the US, Spain and Portugal.
The buy, announced in November 2010, also included Fargo operations in Argentina and cost Grupo Bimbo $959m.
At the time, Bimbo Bakeries USA said it would build new bakeries where needed and renew existing facilities across the Sara Lee US network as part of the $1bn investment plan in the country.