Grupo Bimbo, the Mexican parent of Bimbo Bakeries USA, made three non-North American acquisitions in recent weeks.
In its third-quarter earnings call, for the period ending Sept. 30, company executives revealed an agreement to acquire Don Don, a Serbian baking company industry with presence also in Slovenia, Croatia and Montenegro, as well as exports to several countries. With this, Grupo Bimbo will expand its geographic presence to 39 countries, Bimbo said. The acquisition is subject to regulatory approvals.
Grupo Bimbo also has an agreement to acquire Wickbold, a player in the baking industry in Brazil. This transaction is still subject to regulatory approvals.
And Bimbo concluded the acquisition of Pagnifique in Uruguay, a provider of frozen bread products. Purchase figures for all the transactions were not provided.
About the Author
Dave Fusaro
Editor in Chief
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.