One Equity agrees to sell East Balt Bakeries for $650 mln

One Equity Partners agreed to sell Chicago-based East Balt Bakeries, which supplies buns and artisanal rolls to restaurant chains, to Grupo Bimbo for $650 million. The deal is expected to close in the second half of 2017. East Balt employs 2,200 workers who produce 13 million specialty bread products daily, including bagels, biscuits, buns, English muffins and tortillas.

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