Grupo Bimbo acquired Vel Pitar, a leading Romanian bakery manufacturing bread, sponge cake, and sweet and savory specialty products. The national financial newspaper Ziarul Financiar estimates the value of the transaction is around EUR 200 m.
Grupo Bimbo acquired UK-based brioche specialist St. Pierre Groupe, the company behind Baker Street, Paul Hollywood and St. Pierre brands.
Grupo Bimbo launched Bimbo Open Door, a food business accelerator in Latin America, to seek and invest in bakery startups and scale-ups.
Mondelēz International announced its agreement to acquire Grupo Bimbo’s confectionery business, Ricolino, for approximately USD 1.3 billion.
Grupo Bimbo announced it is suspending sales of its Bimbo brand and halting new investments in Russia. The company continues to monitor and assess the situation as circumstances evolve.
2021 was an exceptional year for Grupo Bimbo, which delivered record levels of sales, volume and profit, Daniel Servitje, Chairman and CEO, said in a statement announcing last year’s performance.
Bimbo Bakeries USA joined the U.S. Environmental Protection Agency’s (EPA) Green Power Partnership, a voluntary program encouraging companies to use green power to reduce the environmental impacts associated with conventional electricity use.