ARGENTINA: Bimbo seals takeover of Fargo
By Dean Best | 19 September 2011
Mexican bakery giant Grupo Bimbo has secured the takeover of Argentinian peer Compania de Alimentos Fargo.
Bimbo, which owned 30% of the business, said today (19 September) that it had won regulatory approval for the deal, which sees the company acquire the rest of the business from majority shareholder Madera. Financial details were not disclosed.
Fargo is the largest bakery company in Argentina, with annual sales of around US$150m, Bimbo said. The company has five plants and employs around 1,500 people.
Bimbo said the deal "strengthened" its "regional profile" and "growth strategy" in Latin America.
Sectors: Bakery, Emerging markets, Mergers & acquisitions
Companies: Grupo Bimbo
View next/previous articles
19 Sep 2011 -
19 Sep 2011 -
Currently reading -
ARGENTINA: Bimbo seals takeover of Fargo
19 Sep 2011 -
19 Sep 2011 -
Related research
Confectionery in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading p...
Datamonitor's Savory Snacks in Chile industry profile is an essential resource for top-level data and analysis covering the Savory Snacks industry. It includes data on market size and segmentation, plus textual and graphical analysis of the key trend...
Savory Snacks Market in Mexico - Product Launch Almanac 2010
Datamonitor’s Savory Snacks market in Mexico – Product Launch Almanac 2010 provides a complete guide to new product launches in Mexican savory snacks market since October 2009, This report includes detailed data on products including Package Type, Pa...
Related articles
The just-food interview - Hans Vriens, Barry Callebaut
As the world's largest business-to-business cocoa and chocolate manufacturer, Barry Callebaut is at the forefront of innovation in the sector. In this month's just-food interview, R&D chief Hans Vriens spoke to Dean Best on the future of the chocolate market.
CAGE 2012 Preview: FMCG companies prepare to present
After last month's CAGNY conference, the annual event that sees leading FMCG companies present to financial analysts in the US, the industry spotlight will next week pass to London, where the third Consumer Analyst Group of Europe conference will take place - and just-food will be the exclusive media sponsor of the event.
There are currently no comments on this article
Be the first to comment on this article