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Apr. 23, 2013, 8:52 AMGrupo Bimbo (GRBMF.PK) plans to launch knock-off Hostess products before the well-known brands can be brought back to the market by Apollo Global Management (Twinkies, Ho Hos, Ding Dongs) and Flower Foods (Wonder Bread, Nature's Pride) from the bankruptcy bin. The new snack products could be on the market within a month or two. | 1 Comment
Mar. 12, 2013, 2:48 AMHostess 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. | 1 Comment
Mar. 11, 2013, 5:21 AMBidders 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). | 1 Comment
Jan. 9, 2013, 5:55 AMApollo 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. | Comment!
Jan. 6, 2013, 2:45 AMFlowers 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. | 6 Comments
Nov. 16, 2012, 8:05 AMHostess officially closes down its business and lays off all 18.5K of its employees. Though the company blames a national strike by workers as crippling its efforts to emerge from bankruptcy, a lineup of brands decidedly off-trend also contributed. Will a major food player such as Grupo Bimbo (GRBMF.PK), Hillshire Brands (HSH), Flowers Foods (FLO), or Post Holdings (POST) take a stab at buying out well-known names such as Wonder Bread, Ding Dongs, or Twinkies from the Hostess rubble? | 29 Comments
Oct. 10, 2011, 1:59 PMSara 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. | Comment!
Jun. 14, 2011, 12:51 PMAn about-face from Sara Lee (SLE +1.9%): Instead of spinning off its North American meats business, it will separate its international coffee and tea business because of "greater efficiencies." It also notes the Justice Dept. has issues with the sale of its bakery business to Grupo Bimbo (GRBMF.PK) but still expects the deal to close in early fiscal 2012 after remedies. | Comment!
Apr. 27, 2011, 1:08 PMGoing decidedly against the tide of company statements on pricing, Grupo Bimbo (GRBMF.PK) - soon to be the world's biggest bread maker - says raw material costs will ease: "We are expecting to leave behind cost pressures by the second part of the year." It expects one more quarter of high costs tied to an aggressive expansion in hot Brazil. | 3 Comments
Nov. 8, 2010, 9:36 AMSara Lee (SLE -0.1%) is close to an agreement to sell its North American bakery business to Grupo Bimbo (GRBMF.PK), the world’s largest bread maker, for as much as $1B, Bloomberg reports. The sale of the bakery business would accelerate a broad overhaul of Sara Lee, which is focusing on brands such as its Jimmy Dean meats. | 2 Comments
GRBMF vs. ETF Alternatives
Grupo Bimbo SAB de CV produces and sells bakery products. The Company produces breads, cookies, pies, pastries, sweet rolls, tortillas, tostadas, and snacks. The Company also makes appetizers, sweets, chocolates, jams, and other confections. Grupo Bimbo markets its products throughout the... More
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