Another one goes south.

George Weston sells U.S. bakery to Grupo Bimbo
Financial Post
Published: Wednesday, December 10, 2008


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Mike Cassese/ReutersGalen G. Weston Sr., president of George Weston Ltd., which has agreed to sell the fresh bread and baked goods division of its Dunedin Holdings unit to Grupo Bimbo for a total of US$2.5-billion.
George Weston Ltd. said it has agreed to sell the fresh bread and baked goods division of its Dunedin Holdings unit to Grupo Bimbo for a total of US$2.5-billion.

The unit includes such brands as Entenmann's, Stroehmann and Thomas' and contributed US$2.2-billion in revenue to Weston over the 52-weeks ending Oct. 4.

Weston said it will take a significant gain on the sale of the business, which it bought as part of the $2.7-billion Bestfoods Baking acquisition in 2001.

The company says it will still retain its other U.S. baking interests, Interbake Foods and Maplehurst Bakeries, which produces and distributes frozen bakery products.

The company did not say what it would do with the cash from the sale, aside from saying "We intend to use that cash wisely and at the appropriate time."

It's not the first time Mexico's Grupo Bimbo has bought assets from Weston. In 2002, Weston sold its Oroweat bakery division to Grupo Bimbo S.A. for US$610-million.

CIBC World Markets acted as financial advisor to Dunedin and Weston.

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That is truly amazing!










There is REALLY a company with the name Grupo BIMBO?

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Is it run by a bunch of blonde women?

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

. . . with big hooters?

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

As long as Little Debbie stays in the US....ummm Twinkies.

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"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

[QUOTE=Dee8go;2045150]That is truly amazing!


Yes, their a well dressed Italian mob, not the brightest bulbs in the pack, not the sharpest knives in the drawyer. Just a sandwhich shy of a picnic...brick shy of a load...

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

Yeah, but they have a lot of bread, man . . . .

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Keep your eyes peeled and you may be lucky enough to find one of these still around:
http://cgi.ebay.com/HOSTESS-TWINKIES-5-PCS-BAKE-SET-2005-NIB_W0QQitemZ120342225351QQcmdZViewItem

Then you can make healthy "home-made" Twinkies.


EDIT: Here's just the pan for sale:
http://cgi.ebay.com/New-Nonstick-8-Cup-Cream-Canoe-Pan-Twinkie-by-Norpro_W0QQitemZ370112434133QQcmdZViewItemQQptZCookware_Bakeware?_trksid=p3286.m20.l1116

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Chad
2006 Nissan Pathfinder LE
1998 Acura 3.0 CL
OBK#44
"Pleasure in the job puts perfection in the work." - Aristotle (384-322 B.C.)

SOLD
1985 300TD - Red Dragon
1986 300SDL - Coda
1991 - 300TE
1995 - E320
1985 300CD - Gladys

I went to high school in Mexico City, and I was always amused by the Bimbo brand. Their equivalent of the Hostess powdered donuts were called "Donas Bimbo". Of course, "Dona" is also the Spanish term for "Mrs.", so naturally our least favorite teachers were always called "Dona Bimbo"

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1984 300TD

What's the point of slammin down a Twinkie if it's healthy?

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

I'd make it with peanut butter filling and dip it in chocolate.

__________________
Chad
2006 Nissan Pathfinder LE
1998 Acura 3.0 CL
OBK#44
"Pleasure in the job puts perfection in the work." - Aristotle (384-322 B.C.)

SOLD
1985 300TD - Red Dragon
1986 300SDL - Coda
1991 - 300TE
1995 - E320
1985 300CD - Gladys

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AMAZING!! I thought they only made french fries and tater tots.

__________________
Chad
2006 Nissan Pathfinder LE
1998 Acura 3.0 CL
OBK#44
"Pleasure in the job puts perfection in the work." - Aristotle (384-322 B.C.)

SOLD
1985 300TD - Red Dragon
1986 300SDL - Coda
1991 - 300TE
1995 - E320
1985 300CD - Gladys

my step dad works for interstate brands as a wonder bread vendor aka bread guy. He's not going anywhere since his route is very profitable and has known about this deal for a while now.

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