Bimbo Bakes Jumbo US M&A

Bimbo Bakes Jumbo US M&A

Mexico

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 understood to be seeking to acquire the eastern distribution assets of the same brands. These include Thomas, Entenmann’s and Boboli. Bim

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