Interstate Bakeries Corporation (IBC), the largest wholesale bakery in the US, has reached an agreement with Swiss food behemoth Nestlé to purchase approximately 7.4 million shares of IBC stock currently owned by Nestlé.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Nestlé owns approximately 14.8 million IBC shares (approximately 29% of IBC’s outstanding shares) which were acquired in its acquisition of Ralston Purina in December 2001.


The share buyback, which is expected to be completed in 30 days, can be fully financed under IBC’s revolving credit agreement. IBC is pursuing an amendment to its credit agreement to permit the buyback.


IBC also announced an agreement to file with the Securities and Exchange Commission (SEC), as soon as possible, a registration statement through which Nestlé intends to offer to the public through a public offering its remaining shares.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.