Bimbo Ventures

Grupo Bimbo continues acquisition strategy despite lower Q1 profit

Grupo Bimbo continues acquisition strategy despite lower Q1 profit

By Gill Hyslop

Grupo Bimbo SAB de CV acquired Natural Bakery in Winnipeg, Canada, and made a minority investment in Delaware-based Olyra Foods during its first quarter, which saw net profit down 9.4%, citing the sale of its confectionary business in the same quarter...