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Grupo Bimbo, S.A.B. de C.V. (also known simply as Bimbo) is a Mexican multinational food company with a presence in over 33 countries located in the Americas, Europe, Asia and Africa. [1] It has an annual sales volume of 15 billion dollars [ 2 ] and is listed on the Mexican Stock Exchange with the ticker BIMBO.
In May 2022, it was announced Mondelez had acquired Grupo Bimbo's confectionery business, Ricolino, for approximately US$1.3 billion. [ 43 ] On May 10, 2022, Mondelez announced that it would sell its gum business, including Trident and Dentyne , in developed markets including North America and parts of Europe, as well as the entire Halls cough ...
Bimbo Bakeries USA's story began in 1994, when Grupo Bimbo – Mexico's largest baking company, with operations in 21 countries – purchased La Hacienda, a California-based tortilla company. Bimbo Bakeries USA then entered the U.S. bread market in 1997 with the acquisition of Pacific Pride Bakeries of San Diego.
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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 ...
In May 2014, Canada Bread was purchased from Maple Leaf Foods by Mexican-based bakery organization, Grupo Bimbo. Less than a year later, in February 2015, Canada Bread acquired the bakery division of Saputo Inc. , Vachon Bakery (which had purchased Stuart in 1979), for CAD$120 million. [ 3 ]
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Servitje has been CEO of Grupo Bimbo since May 2007, and president and CEO since July 2013. [ 4 ] Servitje is a board member of ITAM Business School , Grocery Manufacturers of America , and the Instituto Mexicano para la Competitividad .