Canadian food processing and distribution company George Weston has sold its US fresh bakery business to Mexican baker Grupo Bimbo.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The purchase price totalled US$2.5bn, including around US$125m of interest baring assets.


The assets being sold include the Arnold, Brownberry, Entenmann’s, Freihofer, Stroehmann and Thomas’ brands.


In the fiscal ended 4 October, the businesses being sold generated revenues of $2.2bn and EBITDA of $255m.


George Weston said that it would report a “significant gain” on the disposal. However, a spokesperson for the company declined to comment on speculation that it is raising funds in order to take Canadian retailer Loblaw private.

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.

“We cannot comment on market rumour or speculation,” the spokesperson said.


George Weston already holds a controlling stake in Loblaw and the market has speculated that the group could use proceeds from the Bimbo deal to buy the 39.1% of Loblaw shares that it does not already hold.