Groupo Bimbo

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Nov. 9, 2010 at 9:26 a.m.
29 comments
Filed under: Food, Packaged foods, Updated

Sara Lee selling bread unit to Grupo Bimbo

By Associated Press

A shopper passes shelves of Sara Lee bread at a Chicago market . (AP Photo/M. Spencer Green)

Sara Lee Corp. is selling its North American Fresh bakery unit to baking company Grupo Bimbo for $959 million as it looks to concentrate more on its coffee and meat businesses.

The Downers Grove-based maker of Jimmy Dean sausages and Sara Lee breads said Tuesday that the sale will allow it to aggressively expand other businesses through acquisitions and other means. Get the full story »

Nov. 8, 2010 at 11:49 a.m.
2 comments
Filed under: Food, M&A, Packaged foods, Updated

Sara Lee near bakery sale to Grupo Bimbo

By Reuters

A deal whereby Sara Lee Corp sells its North American bakery business to Mexico’s Grupo Bimbofor $900 million to $1 billion could be announced this week, Bloomberg reported Monday, citing two people with knowledge of the matter. Get the full story »