Bimbo Reported Leading Bakery Bid

Bimbo Reported Leading Bakery Bid

Mexico M&A

Grupo Bimbo, the Mexican food company, is reported to have stepped into the pole position for Sara Lee’s North American bakery unit, according to wire reports. A New York-based banker away from the deal says Bimbo has retained Atlas Advisors, the same boutique that advised the company on its $2.5bn acquisition of US baked goods business Weston Foods in 2008. Atlas did not return calls for comment. Grupo Bimbo could not be reached. “They’ve been a serial acquirer in the US,” says the banker. “The

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