Grupo Bimbo S.A.B. de C.V. announced that BBU Inc., its business unit in the United States, has obtained approval from the United States Department of Justice (DOJ) to complete certain of the divestitures required by the DOJ in connection with the acquisition by BBU of Sara Lee Corporation´s North American Fresh Bakery business.
The approved transactions include:
i) a license to the Earthgrains® and Healthy Choice® brands in Omaha, Nebraska to Pan-O-Gold Baking Company of St. Cloud, Minnesota; and
ii) a license to the Holsum® and Milano® brands in Harrisburg and Scranton, Pennsylvania to Schmidt Baking Company of Baltimore, Maryland.
The transactions are expected to close shortly. The remaining divestitures required by the DOJ are pending. The Company will disclose the details once the approval is received.