TORONTO, March 6, 2017 /CNW/ - Canada Bread Company, Limited ("Canada Bread"), a subsidiary of Grupo Bimbo S.A.B. de C.V. ("Grupo Bimbo" or "the Company") (BMV: BIMBO), announced today that it has completed the acquisition of the total shares of Stonemill Bakehouse Limited located in Toronto, Ontario.
Stonemill Bakehouse Limited is a leading producer of slow fermented craft breads baked in stone ovens using 100 per cent natural, non-GMO certified and organic ingredients. This operation will position Canada Bread for further growth, complementing its current product portfolio and its distribution and manufacturing footprint. The acquisition includes well-positioned brands such as Stonemill. The company employs approximately 100 associates and operates one production facility in Scarborough and a store in St. Lawrence Market in Toronto.
About Canada Bread
Canada Bread Company, Limited, a wholly-owned subsidiary of Grupo Bimbo since May, 2014, is a leading producer and distributor of packaged fresh bread and bakery products with brands such as Dempster's®, Villaggio®, POM®, Bon Matin®, Ben's®, McGavins®, Vachon® and Stonemill®. In business for more than 100 years, the Company operates 18 bakeries and employs approximately 4,225 associates across Canada. For more information, please visit www.canadabread.com.
SOURCE Canada Bread Company, Limited
For further information: Sylvia Sicuso, Canada Bread Company, Limited, 416-626-4316 / 647-273-1162, Sylvia.Sicuso@GrupoBimbo.com