Mexican baking giant Grupo Bimbo SAB announced Tuesday that it is buying Sara Lee Corp.’s North American bakery business for $959 million.
The purchase of North American Fresh Bakery includes “a royalty-free perpetual license” to the Sara Lee brand in the Americas, Asia, Africa and Eastern and Central Europe, “as well as a portfolio of regional brands that are well-regarded in their local markets,” Bimbo, the world’s biggest baker, said in a press release.
Grupo Bimbo employs more than 102,000 people at 99 plants and 1,000 distribution centers in 17 countries in the Americas and Asia.
Sara Lee, based in Downers Grove, Illinois, has plants in more than 40 countries and markets products in more than 180 nations around the world.
It is funny how different words in different cultures mean different things.
1 comment:
I discovered your music on Jango by pure coincidence. And now I am addicted. I listen to it all day long in my office, and am even trying to track it down on Amazon so I can listen to it at home. WHAT HAVE YOU DONE TO ME??!!!!
Oddly, I used to live in Mexico too - but in Merida. I studied there for a while but then returned to native UK before exporting myself here to France. Now I have discovered your blog I am going to find out more about you!
I particularly love 'Lullaby' and 'Patience' - where did they come from? Can you share your inspiration a little, cos I am fascinated!
Bests
Alison
(in France)
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