Special Reports

The Mexican baker has made key acquisitions in China and the United States, using a timely capital markets strategy to help finance them. Grupo Bimbo, the world’s largest baking company by sales, has been on a drive to expand its global footprint. Bimbo has pushed into China, India and Morocco. It also grew its US presence last year when it acquired Chicago-based East Balt Bakeries for $650 million. In July, the company completed the purchase of China’s second-largest wholesale baker Mankattan. The high-profile, largely debt-financed acquisitions occurred during a 12-month period that saw the company take a deft approach to the capital markets, issuing in both the domestic and cross-border m

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