MEXICO CITY — Grupo Bimbo, S.A.B. de C.V. on May 23 completed its acquisition of Canada Bread Co. Ltd.
Grupo Bimbo said the integration of Canada Bread will be reflected in its consolidated second-quarter results starting on May 23.
With the acquisition, Grupo Bimbo gains a major foothold in the Canadian market through Canada Bread’s portfolio of brands that includes Dempster’s, Pom, Villaggio, Ben’s, Bon Matin and McGavin’s. Canada Bread employs approximately 5,400 associates and operates 25 bakeries in Canada, the United States, and the United Kingdom, as well as Canada’s largest direct-store delivery network for fresh bakery that reaches more than 41,000 points of sale.