Grupo Bimbo to buy Canada Bread for C$1.83 billion

May 23, 2014

Torys represented Grupo Bimbo with a team that included Michael Siltala, Raegan Kennedy, Melissa Prado and Matt Kuchinsky (M&A), John Unger (tax), Mitch Frazer and Tom Stevenson (pension & employment), Omar Wakil and Rebecca Moskowitz (competition & Investment Canada), Ed Fan and Kevin Tuohy (intellectual property), David Dell and Richard Missaghie (real estate), Tyson Dyck (environmental) and Andrew Gray (litigation).

On May 23, 2014, Canada Bread Company, Limited (Canada Bread) announced that Grupo Bimbo, S.A.B. de C.V. of Mexico (Grupo Bimbo) completed the acquisition of Canada Bread, by way of a plan or arrangement, for aggregate cash proceeds of C$1.83 billion.

Canada Bread is a leading manufacturer and marketer of value-added flour based products, including fresh bread, rolls, bagels and sweet goods, frozen partially baked or par-baked breads and bagels, and specialty pasta and sauces. Canada Bread markets products under a number of leading brand names, including Dempster’s®, Olafson’s, POM®, Ben’s® and Olivieri®.

Grupo Bimbo is one of the world’s largest bakeries, with 148 plants and over 1,600 distribution centers strategically located in Mexico, the United States, Latin America, Iberian Region and Asia. Grupo Bimbo has more than 100 prestigious trademarks, including: Bimbo, Marinela, Arnold, Oroweat, Brownberry, Thomas‘, Sara Lee, Barcel, Entenmann‘s, Tia Rosa, Mrs Baird‘s, Ricolino, Pullman, among others.

Further information can be found on Grupo Bimbo’s website or on MarketWatch’s website.


Related Expertise

Related Work