Skip to main content

Grupo Bimbo closed adquisition of Sara Lees Fresh Bakery Business in Spain and Portugal

Grupo Bimbo, S.A.B. de C.V. today announced that it has completed its acquisition of Sara Lee Corporation’s (NYSE: SLE) fresh bakery business in Spain and Portugal for €115 million.
Sara Lee Corporation’s
Grupo Bimbo
Mexico City
This acquisition positions Grupo Bimbo

as the leading branded bread company on the Iberian Peninsula

Grupo Bimbo, S.A.B. de C.V. ("Grupo Bimbo" or "the Company") (BMV: BIMBO) today announced that it has completed its acquisition of Sara Lee Corporation’s (NYSE: SLE) fresh bakery business in Spain and Portugal for €115 million.

The acquisition includes bread, pastries and snacks produced under the Bimbo, Silueta, Ortíz, Martinez and Eagle brands, among others. The business employs more than 1,900 associates, operates seven production facilities and manages more than 800 distribution routes.

This acquisition positions Grupo Bimbo as the leading branded bread company on the Iberian Peninsula and enhances the Company’s international growth with a strong and established bakery business.

This transaction was funded with cash holdings. The financial results of Spain and Portugal fresh bakery businesswill be included in Grupo Bimbo´s consolidated results starting on December 4, 2011.

Contact us so we can assist you

Contact e-mail prensa@grupobimbo.com

Related news

Osito Bimbo
No hay generación que no reconozca al Osito Bimbo, ya sea por su variedad de productos o por sus 70 años de historia.
Grupo Bimbo
Mexico City
Lorenzo Servitje
Daniel is convinced that “we have a great challenge and a huge opportunity to create value in the countryside and improve the level of productivity and demand for Mexicans living in rural areas”.
Líderes Mexicanos
Mexico City
Grupo Bimbo
Grupo Bimbo has come a long way since CEO Daniel Servitje’s grandfather emigrated from Catalonia, Spain, to Mexico in 1928 and opened his own bakery there.
IESE Insight
Mexico City
Barcel plant to Jalisco.
With an investment of $8 US million and the creation of 300 jobs, Grupo Bimbo has inaugurated the plant that will be designated for the manufacture and distribution of brands such as Takis and Chips.
Mural
Guadalajara