date:Mar 20, 2014
isition will allow Grupo Bimbo to expand its North American operations.
Grupo Bimbo stated that the transaction is still subject to the approvals of the Department of Justice of the United States and the Canadian Minister of Industry.
The approvals are expected to come in the second quarter, the company added.
In the recent years, Grupo Bimbo has completed a series of acquisitions in North America, including the purchase of Sara Lee's North American bakery business in 2010 and Hostess Brands'