Maple Leaf looks to Bimbo, private equity for Canada Bread sale - Reuters
Maple Leaf Foods Inc has launched an auction for its bakery company Canada Bread, targeting Grupo Bimbo, one of the world's largest bread makers, as well as private equity, sources told Reuters. Canadian food processor Maple Leaf said on Monday it would explore selling its 90 percent stake in Toronto-based Canada Bread, a global company with a C$1.75 billion ($1.68 billion) market value, in a review process that is expected to be completed by early 2014.
25 October 2013•2 mins read
