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This sale represents a 66% discount. In November 2011, Sara Lee Corporation completed the sale of its North American fresh bakery business to Grupo Bimbo for $709 million. [17] Sara Lee also sold its fresh-bakery businesses in Spain and Portugal to Grupo Bimbo for 115 million euros ($158.3 million), in a deal announced in October, 2011.
May 1, 2024 at 2:13 AM. A Hispanic former employee at Topeka's Mexican-owned Bimbo Bakeries plant says in a lawsuit that he was fired after alleging it was "ridden with discrimination" against ...
Sara Lee's sale of its North American Bakery business is now fully baked. The company announced today that it's selling the unit to Mexico's Grupo Bimbo for $959 Million. The deal follows earlier ...
Bread route. In 1882, Toronto bread salesman George Weston, who got his start at the age of 12 as a baker's apprentice, went into business for himself when he bought a bread route from his employer, G.H. Bowen. [ 4] Two years later, Weston bought out Bowen's Sullivan Street bakery and began baking and delivering his own bread.
Old HB, Inc., [ 2] known as Hostess Brands from 2009 to 2013 and established in 1930 as Interstate Bakeries Corporation, was a wholesale baker and distributor of bakery products in the United States. [ 3] Before its 2012 closure and liquidation, it owned the Hostess, Wonder Bread, Nature's Pride, Dolly Madison, Butternut Breads, and Drake's brands.
The KDA between Nov. 13 and Nov. 27 conducted a food processing inspection of the Bimbo Bakeries facility at 5005 S.W. Wenger St. in Topeka at the same time as an FDA contract inspection.
Entenmann's is a 126 year old company originating in New York City. William Entenmann learned the trade of baking from his father in Stuttgart, Germany, and used his acquired skills to work in a bakery in the U.S., eventually opening his own bakery in 1898 on Rogers Avenue in Brooklyn. [ 1] Later, William moved his bakery to Bay Shore, Long Island.
Sara Lee reportedly is close to cutting a deal to sell its North American bakery business to Grupo Bimbo for a sticker price of $900 million to $1 billion, according to a Bloomberg report. That ...