Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) acquired S.C. Vel Pitar S.A. from Broadhurst.
January 13, 2023
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Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) acquired S.C. Vel Pitar S.A. from Broadhurst on January 14, 2023. The transaction resulted in record margin for a second quarter at 7.7%, a 20 basis points expansion.
Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBO A) completed the acquisition of S.C. Vel Pitar S.A. from Broadhurst on January 14, 2023.
Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.
GRUPO BIMBO, S.A.B. DE C.V. 
