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Bimbo Bakeries USA is part of the Mexican Grupo BimboUS: Bimbo announces US plant closure, 178 jobs axed

31 March 2014

Mexican bakery group Grupo Bimbo has announced it will cease production at its bakery in New York state.

UPDATE: CANADA: More job cuts expected at Maple Leaf

27 March 2014

More job cuts are likely to result from Maple Leaf Foods' move to realign its organisational structure after the group sold off its bakery unit earlier this year.

CANADA: Maple Leaf CEO upbeat after 2013 losses

28 February 2014

Maple Leaf Foods CEO Michael McCain is looking to 2014 with optimism after the Canadian food group saw profits fall in 2013 amid the cost of revamping its plant network, higher input costs and lower sales.

MEXICO: Grupo Bimbo FY income doubles on margin improvements

21 February 2014

Grupo Bimbo, the world's largest baker, has booked a doubling of net profit in 2013, boosted by improved operating margins and a lower tax rate.

In the spotlight: Bimbo's Canada Bread acquisition boosts international profile

17 February 2014

Grupo Bimbo's acquisition of Canada Bread builds on a number of recent deals aimed at strengthening the Mexican baker's hand in North America, consolidates the group's position as the world's largest baked goods provider and increases its exposure to higher margin premium branded sales. Katy Askew reports.

CANADA: Grupo Bimbo secures Canada Bread acquisition

12 February 2014

Mexican baker Grupo Bimbo has entered into an agreement to acquire Canada Bread, the bakery business majority-owned by Canadian food group Maple Leaf Foods.

USA: 64 jobs axed in Bimbo Sioux City plant closure

5 February 2014

Grupo Bimbo has confirmed it is to close its bakery in Sioux City in the US, a move that will affect 64 members of staff.

CANADA: Bimbo, Flowers "bid for Canada Bread"

21 November 2013

Grupo Bimbo and Flowers Foods are said to be among early bidders for Canada Bread, the bakery business majority-owned by Canadian food group Maple Leaf Foods.

CANADA: Maple Leaf "approaches Bimbo, PE firms for Canada Bread interest"

25 October 2013

Maple Leaf Foods is reported to have approached a number of firms, including Mexico's Grupo Bimbo, over the purchase of its controlling stake in Canada Bread.

SPAIN: Bakery giant Bimbo to expand Spanish plant

9 October 2013

Mexico-based baker Grupo Bimbo is to expand one of its plants in Spain as part of plans to "modernise" its operations in Iberia.

US: Bimbo to shutter Elk Grove bakery

18 September 2013

Grupo Bimbo has confirmed plans to close its Elk Grove bakery in Pennsylvania.

MEXICO/US: Bimbo to shut US plant

15 August 2013

Grupo Bimbo, the Mexican bakery giant, is to close a plant in the US, as it builds a new facility 30 miles away.

US: Acquisitions boost Flowers Foods H1 earnings

13 August 2013

US baker Flowers Foods saw its earnings and sales climb in the first half, boosted by gains from recent acquisitions.

UPDATE: MEXICO: Barry Callebaut looks to expand customer base

1 July 2013

Swiss industrial chocolate maker Barry Callebaut plans to expand its customer base in Mexico, having invested CHF45m (US$47.6m) to ramp up production capacity in the country.

On the money: Flowers confident on cakes ahead of Hostess return

17 May 2013

US baker Flowers Foods has said it is "confident" its snack cake business will continue to thrive even as the new-look Hostess Brands returns to the market, with products including Twinkies.

US: Acquisition boosts Flowers Foods Q1

16 May 2013

US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.

MEXICO: Tax bill hits Bimbo but operating profit up

1 May 2013

A higher tax bill hit Grupo Bimbo's bottom line in the first quarter of the year but the Mexico-based bakery giant reported an increased operating profit.

US: Hostess disposals get green light

20 March 2013

Hostess Brands has received court approval to proceed with the sale of a swathe of brands, including Twinkies and Wonder Bread, in a series of deals worth around US$800m.

US: McKee Foods to buy Hostess cake brand Drake's

15 March 2013

Privately-owned US group McKee Foods looks set to be the latest buyer of assets from bakery giant Hostess Brands.

US: Metropoulos, Apollo acquire Hostess snack cake unit

12 March 2013

Private-equity firms Metropoulos & Co. and Apollo Global Management have acquired the snack cake business of Hostess Brands.

US: Silver Point, Hurst "interested" in Hostess snack cake unit

11 March 2013

Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital are understood to be interested in buying some of the US baker's snack cake brands, including Twinkies.

Editor's choice: the highlights on just-food last week

4 March 2013

The fall-out from the horsemeat contamination continued last week, with Tesco outlining plans to shake up its supply chain and source meat from the UK. Elsewhere, UK free-from firm Genius Foods bought out venture partner Finsbury Food Group and, in the US, more buyers were found for Hostess Brands' assets. Click on the headlines for more.

US: Flowers wins Wonder, Bimbo snaps up Beefsteak in Hostess auction

1 March 2013

Flowers Foods won through in its bid to acquire the majority of Hostess Brands' bread units, including Wonder, but was outbid for the Beefsteak business by rival baker Grupo Bimbo.

On the money: Flowers sees gains from Hostess demise

8 February 2013

US baker Flowers Foods has expanded its market share in the wake of Hostess Brands' move to wind down its operations.

US: Hostess names PE firms "stalking horse" for Twinkies

31 January 2013

A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand.

just the answer: Barry Callebaut marketing director for Western Europe, Sofie De Lathouwer

31 January 2013

Since selling its consumer units over the last few years, business-to-business chocolate maker Barry Callebaut has been treading a new path focused on its "core" business with industrial and artisanal customers. Michelle Russell caught up with Barry Callebaut marketing director for Western Europe, Sofie De Lathouwer at this year's ISM confectionery show in Cologne to find out more about its strategy for growth.

Deal or no deal: "Stalking horse" Flowers eyes Hostess bread brands

15 January 2013

Flowers Foods showed its hand when it emerged as the "stalking horse" bidder for parts of Hostess Brands' bread business, notably the Wonder and Nature's Pride brands. While the deal is not yet in the bag, Flowers has clearly emerged as the front-runner to snap up a significant chunk of Hostess' bread interests. Katy Askew takes a look at the impact the potential acquisition could have on Flowers.

US: Bimbo Bakeries to invest in Philadelphia plant

15 January 2013

Bimbo Bakeries, the US unit of Mexico's Grupo Bimbo, is to invest US$75m in the construction of a second production facility in Lehigh Valley, Philadelphia.

US: Hostess sale will "most likely" lead to break up

3 January 2013

The sale of Hostess Brands will most likely result in a break-up of the company, a spokesperson for the group told just-food.

Quote, unquote: just-food's week in words

12 November 2012

A raft of quarterly results hit the just-food newsdesk this week, with the likes of Morrisons, Associatied British Foods and Marks and Spencer all revealing figures for the last three months. Morrisons spoke about its need to strengthen its marketing message and promotional mechanics, while ABF insisted its grocery business after profits fell in the last 12 months. just-food's latest exclusive interviews included chats with executives Spain's Campofrio and Swiss dairy group Emmi.

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