Acquisition made by Grupo Bimbo´s subsidiary Canada Bread Company, Limited
TORONTO, Feb. 2, 2015 /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 outstanding of Saputo Bakery Inc., a subsidiary of Saputo Inc. Saputo Bakery Inc. will now operate under the company name of Vachon Bakery Inc.
Vachon Bakery, being the leading producer of snacks cakes in Canada, strengthens Canada Bread's position for further growth. The acquisition includes well-positioned brands such as Vachon®, Jos Louis®, Ah Caramel®, Passion Flakie® and May West®, among others.
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®, Healthy Way®, McGavins® and Vachon®. In business for more than 100 years, the Company operates 17 bakeries and employs approximately 4,400 associates across Canada. It distributes its products through a network of more than 1,000 routes operated by independent operators and some Corporate Associates. For more information, please visit www.canadabread.com.
About Grupo Bimbo
Grupo Bimbo is the largest baking company in the world in terms of volume and sales. Grupo Bimbo has 167 plants and approximately 1,600 sales centres strategically located in 22 countries throughout the Americas, Europe and Asia. Its main product lines include fresh and frozen 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 one of the largest direct distribution networks in the world, with more than 2.4 million points of sale and more than 52,000 routes and more than 130,000 associates. Grupo Bimbo's shares have traded on the Mexican Stock Exchange since 1980 under the ticker symbol BIMBO.
SOURCE Canada Bread Company, Limited
For further information: Sylvia Sicuso, Canada Bread Company, Limited, 416-626-4316