Mexican breadmaker Bimbo closes U.S. acquisition

Reuters ^ | Jan 22, 2009 | Cyntia Barrera Diaz

[SwinneySwitch]

MEXICO CITY - Mexico's Bimbo said on Thursday it had closed the $2.38 billion acquisition of the U.S. breadmaking unit of Canada's George Weston Ltd (WN.TO).

The deal, announced early in December, will extend Bimbo's (BIMBOA.MX) U.S. presence coast to coast with one of the biggest acquisitions in its history.

[SwinneySwitch]

Grupo Bimbo Completes and Closes Weston Foods, Inc. Acquisition

Mexico City (January 22, 2009)

http://www.bimbobakeriesusa.com/about_us/media_center.php?id=1143

"The company's U.S. operations, Bimbo Bakeries USA (BBU), and will the largest baked-goods company in the U.S. BBU will be the leading U.S. producer and marketer of a wide variety of baked goods including bread, buns, sweet baked goods and cakes with bakeries and nationwide. BBU's premium portfolio of brands will include ARNOLD®, BIMBO®, BOBOLI®, BROWNBERRY®, ENTENMANN'S®, FRANCISCO®, FREIHOFER'S®, MARINELA®, MRS BAIRD'S®, OROWEAT®, STROEHMANN®, THOMAS'® and TIA ROSA®."

[TheZMan]

Too easy.

[wastedyears]

That’s a heck of a name.

[La Enchiladita]

Ptomaine, anyone?

[Nervous Tick]

Mexico's Bimbo said on Thursday it had closed the $2.38 billion acquisition of the U.S. breadmaking unit of Canada's George Weston Ltd (WN.TO).

How NAFTA is that!

I wonder how much they paid, in Ameros.

[Peanut Gallery]

ping

[John123]

Big whoop si do... I don’t eat any bread anyway...

[xcamel]

[tubebender]

My first read of this had visions of closed bread plants coast to coast. Hasta Linguini Luigi...

[SwinneySwitch]

Panem et circenses ping!

If you want on, or off this S. Texas/Mexico ping list, please FReepMail me.

[stefanbatory]

as long as the loaves are full and ample..what difference does it make if it’s a Mexican Bimbo?

[Da Coyote]

When I saw the term “Mexico’a bimb,” my first thought was , “Good grief, they have a twin to Nancy Pelosi.

[MediaMole]

Dammit!! Brownberry Oat Nut is my favorite bread.

It’s just a matter of time till the Mexican bakery turns it into Melamine Surprise bread.

[SouthTexas]

So now we will only have tortillas instead of bread?

I can do that.

[tubebender]

as long as the loaves are full and ample..what difference does it make if it’s a Mexican Bimbo?

Are you sure they don't get their wheat Gluten with Melamine from China...

[Migraine]

as long as the loaves are full and ample..what difference does it make if it’s a Mexican Bimbo?

Depends if you are a tit man or an ass man; then again, it's all good!

[TLI]

Grupo Bimbo

When they bought Mrs. Baird's Bread here in Dallas the quality was instantly gone. Along with me as a 20 year customer.

[ApplegateRanch]

When they bought Mrs. Baird's Bread here in Dallas the quality was instantly gone.

Looks like quality isn't the only thing leaving Texas with the purchase.

Saturday, January 17, 2009

WACO — Mrs Baird's Bakery announced that it will close its Waco plant, ending 90 years of making fresh-baked bread and sweet rolls in Central Texas.

[BunnySlippers]

BBU's premium portfolio of brands will include ARNOLD®, BIMBO®, BOBOLI®, BROWNBERRY®, ENTENMANN'S®, FRANCISCO®, FREIHOFER'S®, MARINELA®, MRS BAIRD'S®, OROWEAT®, STROEHMANN®, THOMAS'® and TIA ROSA®."

Yikes! Look what they own.

[Non-Sequitur]

It’s pronounced Beem-bo.