CHICAGO, IL, July 20, 2017 – East Balt Bakeries announced today their owners, One Equity Partners, signed a definitive agreement to sell East Balt Bakeries to Grupo Bimbo S.A.B de CV. The transaction is expected to close in the second half of 2017, once regulatory approvals are obtained.
East Balt is an excellent fit with Grupo Bimbo, the largest baker globally. Grupo Bimbo’s demonstrated commitment to the bakery category, complementary global footprint and unique asset base provides a strong platform to support customer’s needs.
“The combination between East Balt and Grupo Bimbo provides exceptional new business opportunities – including broad product capabilities, custom sandwich carriers in the Foodservice channel and expanded global reach” said East Balt CEO Mark Bendix. “We are pleased to become a part of the Grupo Bimbo family.”
East Balt Bakeries. Headquartered in Chicago, IL, East Balt is a global bakery business spanning four continents with 21 bakeries in 11 countries. East Balt has grown over the last 60+ years through partnerships with leading food service organizations and with a dynamic portfolio of high quality products including buns, bagels, biscuits, English muffins, tortillas and breads. East Balt is recognized as a quality and innovation leader and is committed to driving the success of its customers.
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