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Grupo Bimbo S.A.A (GRBMF)

- OTCPK - Current
  • Thu, Aug. 27, 3:23 PM
    • Bimbo Bakeries recalls bread sold in 11 different states due to the risk it might contain fragments of glass.
    • The recall action includes the Sarah Lee and Nature Harvest's brands.
    • Bimbo Bakeries is a subsidiary of Group Bimbo (OTCPK:GRBMF).
    • Recall details (.pdf)
    | Thu, Aug. 27, 3:23 PM | Comment!
  • Wed, Jul. 22, 2:41 PM
    • Grupo Bimbo (OTCPK:GRBMF) reports sales for its U.S. and Canada business rose 31% to 28.307M pesos ($1.769B).
    • Operating profit was up 47% to $1.53B pesos ($94.87M).
    • Results were boosted during the quarter by the acquisition of Canadian Bread.
    • Press release (Spanish)
    | Wed, Jul. 22, 2:41 PM | Comment!
  • Tue, Jul. 7, 9:08 AM
    • Hostess Brands, the bakery firm that was pursuing a sale after two years under private-equity ownership, has taken itself off that market and will pursue an IPO instead, Reuters reports.
    • The company reportedly turned down offers from other companies and P-E firms that valued it from $2.4B-$2.5B including debt. It'll now seek a new loan to pay a dividend to its owners, Dean Metropoulos and Apollo Global Management (NYSE:APO).
    • Hostess has turned its business around quickly after filing for bankruptcy three years ago, but its market share is still below pre-bankruptcy levels.
    • Brands have been relaunched and profitability has improved since being bought out of bankruptcy.
    • Snack rivals: MDLZ, HSY, FLO, OTCPK:GRBMF.
    | Tue, Jul. 7, 9:08 AM | Comment!
  • Fri, Apr. 24, 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).
    | Fri, Apr. 24, 7:00 AM | 5 Comments
  • Mon, Feb. 2, 12:35 PM
    • Grupo Bimbo (OTCPK:GRBMF) completes the $120M acquisition of Saputo Bakery through its Canada Bread subsidiary.
    • The company says Saputo Bakery will now run under the Vachon Bakery name.
    | Mon, Feb. 2, 12:35 PM | Comment!
  • 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 | Comment!
  • 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 | Comment!
  • Apr. 23, 2013, 8:52 AM
    Grupo 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.
    | Apr. 23, 2013, 8:52 AM | 1 Comment
  • 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 | 1 Comment
  • 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 | Comment!
  • 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 | 6 Comments
  • Nov. 16, 2012, 8:05 AM
    Hostess 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?
    | Nov. 16, 2012, 8:05 AM | 29 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 | Comment!
  • Jun. 14, 2011, 12:51 PM
    An 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.
    | Jun. 14, 2011, 12:51 PM | Comment!
  • Apr. 27, 2011, 1:08 PM
    Going 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.
    | Apr. 27, 2011, 1:08 PM | 3 Comments
GRBMF vs. ETF Alternatives
Company Description
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