The previously announced $1.83 billion acquisition of Canada Bread Co Ltd (TSX: CBY) by Mexican bread maker Grupo Bimbo has been closed. Grupo Bimbo said the purchased company’s integration would be reflected in its second quarter results. Based in Toronto, Canada Bread is a manufacturer of value-added flour-based products, and was 90% owned by Maple Leaf Foods Inc (TSX: MFI). Maple Leaf is a portfolio company of Canadian private investment firm West Face Capital.
Grupo Bimbo completes acquisition of Canada Bread
MEXICO CITY, May 23, 2014 /CNW/ – Grupo Bimbo, S.A.B. de C.V. (“Grupo Bimbo” or “the Company”) (BMV: BIMBO) today announced that it has completed its acquisition of Canada Bread Company, Limited (“Canada Bread”).
The integration of Canada Bread will be reflected in Grupo Bimbo´s consolidated second quarter results starting on May 23, 2014.
About Grupo Bimbo
Grupo Bimbo is one of the largest baking companies in the world in terms of production and sales volume. As the market leader in the Americas, Grupo Bimbo has 144 plants and more than 1,600 distribution centers strategically located in 19 countries throughout the Americas, Europe and Asia. Its main product lines include sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks and confectionery products, among others. Grupo Bimbo produces over 10,000 products and has extensive direct distribution networks with more than 52,000 routes and more than 123,000 associates. Grupo Bimbo’s shares have traded on the Mexican Stock Exchange since 1980 under the ticker symbol BIMBO.
Azul Argüelles, Head of Investor Relations
Tel: (5255) 5268-6962
Estefanía Poucel, Investor Relations Officer
Tel: (5255) 5268-6830
Diego Mondragón, Investor Relations Officer
Tel: (5255) 5268-6789
Roberto Cejudo, Corporate Treasury-IR
Tel: (5255) 5268-6978
Pat Jordan, FleishmanHillard
O: (416) 645-8207
C: (647) 464-1916
SOURCE Grupo Bimbo
For further information: Investor Enquiries: Azul Argüelles, Head of Investor Relations, Tel: (5255) 5268-6962, firstname.lastname@example.org; Estefanía Poucel, Investor Relations Officer, Tel: (5255) 5268-6830, email@example.com; Diego Mondragón, Investor Relations Officer, Tel: (5255) 5268-6789, firstname.lastname@example.org; Roberto Cejudo, Corporate Treasury-IR, Tel: (5255) 5268-6978, email@example.com; Media Enquiries: Pat Jordan, FleishmanHillard, O: (416) 645-8207, C: (647) 464-1916, firstname.lastname@example.org.
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