Bimbo Bakes Jumbo US M&A
Continuing the trend of LatAm corporates expanding beyond region, Mexico’s Grupo Bimbo is close to acquiring US assets belonging to Canada’s Weston Foods for upwards of $2bn, say people away from the transaction. The Mexican bread and confectionary manufacturer – whose Bimbo Bakeries USA subsidiary already distributes Weston Foods brands in the western US – is...
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