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Grupo Bimbo Buys Baked Goods Supplier To U.S. Fast-Food Industry

October 19, 2017: 12:00 AM EST
Mexican baked goods giant Grupo Bimbo says it has completed the integration of Chicago’s East Balt Bakeries, purchased for $650 million in July, into its operations. East Balt produces buns, English muffins, rolls, tortillas, bagels, artisanal bread, and other baked foods for fast-food companies. The acquisition of the American firm brings to 32 the number of countries Grupo Bimbo is operating in and advances its mission of “transforming the baking industry and expanding our global leadership,” CEO Daniel Servitje said. The company operates 21 bakeries in 11 countries in the U.S., Europe, Asia, the Middle East, and Africa. [ Image credit: ©  East Balt Bakeries  ]
Gill Hyslop, "Grupo Bimbo Finalizes East Balt Deal to Form Bimbo QSR", BakeryAndSnacks.com, October 19, 2017, © William Reed Business Media Ltd
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