Grupo Bimbo, S.A.B. de C.V. to Seek Inorganic Opportunities
February 22, 2023
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Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) will look for inorganic opportunities. Daniel Javier Servitje Montull, Chairman and Chief Executive Officer said,"we see the financials of the company and we're very well positioned to be able to execute our organic and inorganic plans and capture the opportunities that we have in protocols".
Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.