Sara Lee Sells Bread Business to Bimbo

No, this isn't some far fetched sitcom episode, rather Sara Lee has sold its bread baking arm in the USA to a company in Mexico called Grupo Bimbo for $959m.

The Baking unit of Sara Lee had been experiencing modest growth but was sold off to Bimbo as a strategic acquisition. Grupo is one of the leading bread manufacturers in the world and will definitely benefit from the rights to produce in all areas that Sara Lee has presence other what Western Europe, Australia and New Zealand.

This time the bimbo has some substance!

What's Up Jono!
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