Grupo Bimbo has acquired a Colombia-based frozen bakery firm, Panattiere, CEO Daniel Servitje announced during the recent financial results conference call.
Grupo Bimbo is expected to maintain growth after the death of the Mexican bakery magnate Don Lorenzo Servitje Sendra, who founded the company in the 1940s, says an analyst.
General Mills, Grupo Bimbo and Hostess post dramatically different sales results
Bimbo Bakeries USA-owned Entenmann’s brand has added chocolate party cakes to its Little Bites’ line as a new “seasonal favorites” product, the company announced in a statement.
Global food and drinks businesses including General Mills, Kellogg, Mars, Nestlé and Unilever have pledged to reduce trans fatty acids to “nutritionally insignificant levels” by the end of 2018.
Grupo Bimbo says it now has a major opportunity to boost the efficiency and productivity of its US and Canada business after concluding restructuring work.
Increased marketing investment and more effective promotional activity has helped drive a 21% year-on-year hike in net sales of Grupo Bimbo’s North American business.
