Canada Bread
Canada Bread (Canada Bread Company, Limited) is a producer and distributor of packaged fresh bread and bakery products in Canada. The company operates 19 bakeries and employs approximately 4,550 associates across Canada.
Purchased by Grupo Bimbo (BIMBOA:Mexico) on May 23, 2014 for CAD$1.83 billion, Canada Bread is currently led by Alejandro Pintado, President, and operates as an independent business unit of the global baking company.[1]
History
Canada Bread was founded in June 1911 following the merger of five of Canada’s leading baking companies: Bredin Bread Company, Model Bakery, Toronto Bakery, Stuarts Limited and Boyd’s Bakery. Over a span of 30 years, the company quickly grew, purchasing over 20 bakeries in a dozen cities across the country and establishing new bakery locations in Kingston, Cornwall, Kirkland Lake, Chatham and Sudbury.
In 1968, the company acquired Dempster’s Bread Limited, which had become the nation’s best-selling brand of bread. It followed this acquisition in 1969 by changing the name of the company to Corporate Foods Limited, but later reverted to Canada Bread Company, Limited in 1997. Quebec-based Multi-Marques, with its brand POM, was acquired in 2001.
In May 2014, Canada Bread was purchased from Maple Leaf Foods by Mexican-based bakery organization, Grupo Bimbo. Less than a year later, in February 2015, Canada Bread acquired the bakery division of Saputo Inc., Vachon Bakery, for CAD$120 million.[2] In March 2015, Canada Bread also acquired two former Sobeys bakeries located in Winnipeg, MB and Calgary, AB in Western Canada.[3]
References
- ↑ http://www.newswire.ca/news-releases/grupo-bimbo-completes-acquisition-of-canada-bread-514348141.html
- ↑ "Canada Bread buys Saputo bakery unit for $120M". CBC/Radio-Canada. December 18, 2014. Retrieved 2015-10-01.
- ↑ https://www.cbfranchise.ca/en/Pages/History-Of-Canada-Bread.aspx
External links
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