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... us food group sara lee has agreed to sell its north american fresh bakery operations to mexico’s grupo bimbo in a deal worth us$959 million, following months of speculation over sara lee’s domestic bread arm ... sara lee said the combination of its north american bakery business with bimbo’s us division would create “a leading fresh bakery company” in the us ... the chief executive of grupo bimbo said that the company’s acquisition of sara lee’s fresh bakery business in north america represented a “milestone” for the mexican food giant ... daniel servitje said bimbo’s acquisition of sara lee’s domestic bakery division showed the company’s “commitment and singular focus” on building a us business that provides the “highest-quality products at the best value to consumers” ... the deal, which is expected to close in the first half of next year, is bimbo’s second bakery acquisition in the us in two years ... last january, bimbo secured the purchase of george weston ltd’s bakery business in the market ... the combination of bimbo’s us arm with sara lee’s north american bread operations will create a business that runs 75 plants and generates pro forma sales of $5 ... internationally, the deal will also give bimbo a perpetual licence to the sara lee brand in fresh bakery in the americas, asia, africa and europe

... sara lee, which declined to comment, had said last month it planned to spend more on its north american bakery business and raise some prices as it looks to improve performance in that lagging business ... that announcement to invest in the business had come after some suitors walked away from the bakery auction, sources familiar with the situation previously told reuters

... us: sara lee invests in bakery divisionsara lee has revealed plans to invest in its north american bakery business, quashing rumours that it was looking to sell the struggling division

... the deal is expected to enhance george weston's presence in the north american bakery market ... the combination of keystone bakery and weston's baking operations in the united states and canada will allow us to better serve our customers in the north american sweet baked goods sector ... " keystone bakeries is comprised of 3 operating companies: freed's bakery of manchester, new hampshire; granny's kitchens of frankfort, new york; and heartland baking of duquoin, illinois

... the north american bakery business had $2

... the synergy is aimed at developing more natural sweeteners for use in dairy, beverages and bakery products and extending the market base of the two companies ... danisco agreed to acquire south african bakery enzymes company innovative ingredients in july, in an effort to build local knowledge and strengthen its position in a promising market ... bakery csm acquired adm's north american bakery ingredients division arkady in january, in a move designed to increase the company's global reach ... the $55m acquisition included bakery enhancer, mix, enrichment and monoglyceride businesses ... in april barentz europe moved to strengthen its position bakery ingredients with the acquisition of family-run mdb twello ... brenntag bought italy's natural world in july, increasing its presence in europe and in the bakery and dairy ingredients markets