Grupo Bimbo inaugurates US$100m production line to bolster bread production in Argentina

ARGENTINA – Mexican baked goods giant Grupo Bimbo has inaugurated a new US$100m production line for bread at its facility in Pilar in Buenos Aires Province, Argentina. The Investment, according to Just Foods is the largest investment in Argentina since entering the country almost three decades ago. Bimbo has four facilities in Argentina, three in Buenos Aires, and one in…

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Bimbo’s Canada Bread Co. banned from federal contracts over price-fixing scheme

CANADA – Canada Bread Co, one of Canada’s biggest commercial bakeries and a subsidiary of Bimbo Canada, has been put on a Canadian government ineligible and suspended suppliers list, for its role in an industry-wide price-fixing arrangement involving certain packaged bread products. The decision by the government of Canada to put Canada Bread Co. on the list comes two months…

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Grupo Bimbo acquires bagel business, partners Zero Carb Co. on distribution 

USA- Bimbo Bakeries USA, a subsidiary of Grupo Bimbo SAB de CV, recently acquired National Choice Bakery in South St. Paul, Minnesota though the financial terms of the transaction remain undisclosed. The transaction includes National Choice Bakery’s 66,000-square-foot kosher-certified production plant in South St. Paul. Founded in 1990 as Twin City Bagel Inc. to provide the local trade with fresh…

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Grupo Bimbo shuts its confectionery division in Uruguay to focus on baking and snacking categories

SOUTH AMERICA – Grupo Bimbo, the Mexico-based snacks and bakery giant has announced that it has shut the doors of its confectionery business in Uruguay, cutting 62 jobs. According to the company statement, the move will allow it to “focus on its baking and snacking categories” which is part of Grupo Bimbo’s global strategy to consolidate its leadership in grain-based…

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Grupo Bimbo acquires Canadian business, Natural Bakery, despite lower Q1 profit

CANADA – Grupo Bimbo, the Mexico-based bakery giant has expanded its North American presence with the purchase of rye bread producer Natural Bakery in Winnipeg Canada, Bakery and Snacks has reported. In addition, the group has revealed that it has made a minority investment in US breakfast biscuit maker Olyra Foods Olyra Foods. The acquisition deals were revealed as Grupo…

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Kellogg’s, PepsiCo, and Grupo Bimbo, named in Ethisphere’s World’s Most Ethical Companies

GLOBAL – Kellogg Co., PepsiCo, Inc., and Grupo Bimbo, giant multinationals from the food and beverage space, have made it to the 2023 list of “World’s Most Ethical Companies” by the Ethisphere Institute. The Ethisphere Institute is a for-profit company that defines and measures corporate ethical standards, recognizes companies that excel, and promote best practices in corporate ethics The celebrated…

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Mexican baking giant Grupo Bimbo to spend US$2B on capital investment in 2023

MEXICO – Grupo Bimbo, the Mexico-based bakery giant, plans to spend up to US$2bn on capital investment in 2023 in part to meet the demand for its products, Diego Gaxiola, the company’s CFO has said. The investment is up by 67% from the US$1.2b spent on capital expenditure in capex in 2022, according to the CFO. Gaxiola’s comments came as…

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Grupo Bimbo names Marie-Eve Royers president of Bimbo Canada, seeks supplier partnership in net zero journey

CANADA – Grupo Bimbo, has appointed Marie-Eve Royer to succeed Joseph McCarthy as the new president of its Canadian business unit. McCarthy transitions to a newly created role at Bimbo Bakeries USA after five years of leading Bimbo Canada. “Marie-Eve is a visionary leader with an outstanding track record leading large, complex projects through periods of change and transformation,” said Mark…

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Grupo Bimbo donates 35,000 loaves of bread in India to support the fight against hunger

INDIA – The world’s largest baked foods company Grupo Bimbo, has donated 35,000 loaves of bread (equivalent to five lakh slices) to the India Food Banking Network (IFBN). The donation is part of the India chapter of its Bimbo Global Race initiative to eliminate world hunger, one of the United Nations’ Sustainable Development Goals (SDGs). The race was organized into…

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Grupo Bimbo snaps up Vel Pitar as it marks entry into the Romanian market

MEXICO-Mexican bakery giant, Grupo Bimbo, has acquired Romanian bread maker Vel Pitar from New York-based private-equity fund CHL capital. Vel Pitar was formed in 2001 through the merger of four NCH-owned companies with operations in bakery, milling, and retail. The milling operations were placed under Sapte Spice company, which will remain in NCH’s portfolio as they were not part of…

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