Tag Archives: Grupo Bimbo

Adam Foods to buy Panrico bread assets from Bimbo

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Spanish food maker Adam Foods has reached an agreement to acquire certain Panrico assets in Spain, Portugal and Andorra from Mexican baker Grupo Bimbo. The agreement could see Adam Foods take control of Panrico’s bread business, including two production plants in Gulpilhares, Portuga, and Teror, Gran Canaria. Adam would also gain patents and licenses to market Panrico products in Italy, Germany… Read more »

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About Bimbo bakeries

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Not everyone is familiar with the Bimbo Bakeries USA name. However, probably everyone in the United States has enjoyed at least one of the company’s many products at one time or another. Thanks in great part to its focus on providing the best quality, freshest baked goods at a great value to customers and consumers, Bimbo Bakeries USA became the… Read more »

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Bimbo implements sustainable policy

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Grupo Bimbo announced its responsible palm oil supply policy implementation, strengthening their commitment to environmental protection and human rights. “This new policy reinforces the commitment we have had in recent decades with the environment and the community, they have evolved and strengthened over the years,” said Daniel Servitje, Chairman and CEO of Grupo Bimbo . With this policy the company… Read more »

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Bimbo Bakeries recalls bread products in US over glass contamination

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Bimbo Bakeries is voluntarily recalling its bread products in the US as they may contain glass fragments. The recalled products include bread products under the Sara Lee, Kroger, Bimbo, Nature’s Harvest, Great Value and L’Oven Fresh brands. Some of the recalled products include 16oz Kroger 100% Whole Wheat Round Top Bread, 20oz L’Oven Fresh Fit & Active Multigrain Bread, 20oz… Read more »

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Bimbo profits soar

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Grupo Bimbo continues to grow at a rapid pace. The Mexican bakery exceeded expectations in the second quarter of 2015 by reporting a 21.6% increase in its EBITDA and a 18.1% rise in net sales, driven by the acquisition of Canada Bread. Bimbo’s EBITDA rose to 5.654 million pesos from April to June 2015, compared to 4,650 million for the… Read more »

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Grupo Bimbo: agrees to acquire Iberian Panrico

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Grupo Bimbo S.A.B. de C.V. announced a preliminary agreement to acquire Panrico S.A.U. in Spain and Portugal. This acquisition includes 100 percent of the shares, excluding the branded packaged bread category. The transaction is conditional upon the result of due diligence, signing a final acquisition agreement, and the receipt of customary regulatory approvals. Grupo Bimbo is the largest baking Company… Read more »

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Bimbo profits doubles

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Proceeds from the Mexican bakery Grupo Bimbo more than doubled in the first quarter compared with the same period last year. Grupo Bimbo, one of the largest producers of bread in the world, had a net profit of 907 million pesos (60 million dollars) between January and March 2015, which represents a 111% increase from 430 million pesos during the… Read more »

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Servitje sees brighter U.S. picture in 2015

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After encountering numerous difficulties in 2014 in its U.S. business, prospects for Grupo Bimbo S.A.B. de C.V. in the United States have improved considerably, said Daniel J. Servitje, president and chief executive officer. Speaking to investment analysts Feb. 27, Mr. Servitje was hopeful both because of external market conditions and because of steps the company has taken to better position… Read more »

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