George Weston Ltd has entered into a definitive agreement to sell its Weston Foods ambient bakery business for C$370m ($296 million) to Hearthside Food Solutions, which follows the sale of its fresh and frozen bakery business to FGF Brands for $1.2bn...
Hurt by rising operating costs and a shift in consumer taste
against traditional white flour based products, Canadian food giant
George Weston has embarked on a search for better margins in
premium bakery products.