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.

Bloomberg has reported Mexican giant Bimbo and US firm Flowers had made offers for Canada Bread. Maple Leaf said last month it would look at options for its 90% stake in Canada Bread.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

When contacted by just-food, Bimbo declined to comment. Officials at Flowers could not be reached for comment at the time of writing.

A spokesperson for Maple Leaf said: “We don’t comment on speculation in the market.”

Bloomberg also claimed “several” private-equity firms had bid for Canada Bread, although it did not name the suitors.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now