Mexican bakery magnate Lorenzo Servitje, who built his Grupo Bimbo into an international snack and baked-goods empire that acquired brands such as Entenmann’s, Thomas, Freihofer’s and Stroehmann, has died. He was 98.
Bimbo Bakeries USA has begun the installation of a biodigester at the company’s Hazleton baking plant. The system will generate renewable energy and diminish wastewater disposal. The company said an additional sustainability benefit of the installation will be an overall reduction of 27,750 lbs of carbon dioxide emissions that result when diesel trucks haul off wastewater each week from the… Read more »
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 »
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 »
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 »
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 »
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 »
GRUPO BIMBO TO ACQUIRE IBERIAN COMPANY PANRICO S.A.U. Transaction Will Exclude the Branded Packaged Bread Category
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 »
Over the last two decades, Grupo Bimbo has implemented a robust strategy regarding environmental care, through which it seeks to become a global model in environmental sustainability.