The Canadian arm of Mexican baker Grupo Bimbo, Canada Bread Co., has acquired Toronto-based Stonemill Bakehouse. 

Stonemill Bakehouse is a producer of slow fermented craft breads baked in stone ovens using 100% natural, non-GMO certified and organic ingredients. 

“This operation will position Canada Bread for further growth, complementing its current product portfolio and its distribution and manufacturing footprint,” Canada Bread said in a statement. 

The acquisition includes brands such as Stonemill. 

The company employs approximately 100 people and operates one production facility in Scarborough, Ontario, and a store in St. Lawrence Market in Toronto.

Grupo Bimbo has been rationalising its Canadian bakery footprint in order to remove excess capacity and lower costs. Last month, the company detailed plans to shutter its bakery in St-Côme-Linière, Quebec. Prior to this, Canada Bread said it was winding down operations at its bakery in North Bay, Ontario. Canada Bread said the move was in response to “mounting competitive pressure to become more efficient”. It followed the closure in 2015 of a Canada Bread plant in Halifax, Nova Scotia.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.