Grupo Bimbo closes acquisition of Canada Bread
The previously announced $1.83 billion acquisition of Canada Bread Co Ltd (TSX: CBY) by Mexican bread maker Grupo Bimbo has been closed. Grupo Bimbo said the purchased company's integration would be reflected in its second quarter results. Based in Toronto, Canada Bread is a manufacturer of value-added flour-based products, and was 90% owned by Maple Leaf Foods Inc (TSX: MFI). Maple Leaf is a portfolio company of Canadian private investment firm West Face Capital.
27 May 2014•2 mins read
