GRBMF
Grupo Bimbo S.A.AOTCPK - Current
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  • Apr. 24, 2015, 7:00 AM
    • Apollo Global Management (NYSE:APO) and Dean Matropoulus are looking to sell Hostess after only holding the brand for about two years, according to the New York Post.
    • Sources indicate at least one buyer is willing to pay the $2B price tag.
    • Hostess was sold out of bankruptcy for $410M and now operates under a more cost-efficient structure.
    • Analysts think Hostess could be grown to a billion-dollar brand.
    • Snack rivals includes Mondelez International (NASDAQ:MDLZ), Hershey (NYSE:HSY), Flower Foods (NYSE:FLO), and Grupo Bimbo (OTCPK:GRBMF).
    | Apr. 24, 2015, 7:00 AM | 5 Comments
  • Jul. 16, 2014, 7:01 AM
    • Grupo Bimbo (OTCPK:GRBMF) acquires bread producer Supan.
    • The acquisition gives the company a quick entry into the market in Ecuador for packages breads and sweet baked goods.
    • Financial details weren't disclosed.
    | Jul. 16, 2014, 7:01 AM
  • Feb. 12, 2014, 7:42 AM
    • Grupo Bimbo (GRBMF) will purchase Canada Bread for $1.83B.
    • The deal price comes at a hefty premium to Canada Bread's (CBDLF) projected earnings track and could be of interest to investors of Flower Foods (FLO) and Post Holdings (POST).
    | Feb. 12, 2014, 7:42 AM
  • Mar. 12, 2013, 2:48 AM
    Hostess Brands will sell its snack-cake business to stalking-horse bidders Apollo Global Management (APO) and veteran food executive Dean Metropoulos after no other bids were received for the operations by yesterday's deadline, with rumored suitor Groupo Bimbo staying on the sidelines. Apollo and Metropoulos had offered $410M in January for the unit, which includes Twinkies, Cup Cakes and Suzy Q's.
    | Mar. 12, 2013, 2:48 AM
  • Mar. 11, 2013, 5:21 AM

    Bidders have until 5 pm today to submit their offers for Twinkies and other Hostess Brands snack cakes, with a bankruptcy court auction set to take place on Wednesday. Stalking horse bidders Apollo Global Management (APO) and veteran food executive Dean Metropoulos could reportedly be joined by Hostess creditor Silver Point Capital and hedge-fund newcomer Hurst Capital in concert with other private-equity firms, as well as by Mexico's Grupo Bimbo (GRBMF.PK).

    | Mar. 11, 2013, 5:21 AM | 1 Comment
  • Jan. 9, 2013, 5:55 AM
    Apollo Global Management (APO) has reportedly joined up with veteran food executive Dean Metropoulos to potentially bid for Hostess Brands' snacks business. While Apollo has no food interests, Metropoulos has a record of making money for investors after taking on struggling food brands. A possible rival for the snacks ops is Mexico's Grupo Bimbo (GRBMF.PK), which is also interested in Hostess' bread brands.
    | Jan. 9, 2013, 5:55 AM
  • Jan. 6, 2013, 2:45 AM

    Flowers Foods (FLO) and Mexico's Grupo Bimbo are reportedly set to be the stalking horse bidders for Hostess Brands' bread ops, which the bankrupt company is likely to sell in at least two groups and which could fetch over $350M. Other possible suitors include Wal-Mart (WMT) and Kroger (KR). Wonder Bread, Nature's Pride, Home Pride, Merita and Butternut are among the brands on offer.

    | Jan. 6, 2013, 2:45 AM | 7 Comments
  • Oct. 10, 2011, 1:59 PM

    Sara Lee (SLE +1.7%) shares move up as the company slims down, agreeing to sell its fresh bakery businesses in Spain and Portugal to Mexico's Grupo Bimbo (GRBMF.PK) for €115M (~$156M) in cash. Sara Lee recently said it was "finalizing discussions" with the U.S. Department of Justice in the sale of its North American fresh bakery division to Grupo Bimbo.

    | Oct. 10, 2011, 1:59 PM