Thomas’® announced new entries to its breakfast portfolio, which include Everything Mini Bagels and the brand’s first keto product, Thomas’ Keto Bagel Thins Bagels. Both product ranges are now available at major retailers throughout the US.
Bimbo Ventures, the venture capital arm of Grupo Bimbo, made a minority investment in Olyra Foods, a producer of organic and nutritional breakfast biscuits made with stone-milled ancient Greek grains. The funding will help Olyra Foods further expand its presence in retail and online marketplaces. Olyra biscuits are available online as well as in over 5,000 retail locations in the US.
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Grupo Bimbo’s net sales increased by 17.7% in 2022, a record net sales level of EUR 20.58 bn. Its operating income rose 64.8% and its adjusted EBITDA reached a record level of EUR 2.76 billion, an increase of 12.8%.
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.