In December 2014, the subsidiary of Grupo Bimbo, Canada Bread, announced the acquisition of all the shares of the company Saputo Bakery for 120 million Canadian dollars.
Grupo Bimbo's subsidiary, Canada Bread, has acquired all of the shares of the Saputo Bakery company. The Mexican company clarified that the above follows the announcement made on December 18 of last year. In a statement, Bimbo said it expects the business to generate annual sales in excess of C$130 million. For its part, it estimates obtaining an adjusted profit before financial expenses, taxes and depreciation (EBITDA) of 15.5 million Canadian dollars. In December 2014, the subsidiary of Grupo Bimbo, Canada Bread, announced the acquisition of all the shares of the company Saputo Bakery for 120 million Canadian dollars. Saputo Boulangerie is one of the leading cupcake companies in Canada, which strengthens Canada Bread's position, Grupo Bimbo said. He added that this acquisition includes brands such as Vachon, Jos Louis, Ah Caramel, Passion Flakie and May West, among others.
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