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Hostess cake brands would fit in good with Bimbo cakes.
Hostess in talks to sell bread brands; Flowers and Grupo Bimbo among bidders -
Was really hoping Grupo Bimbo would've bought Hostess, just so I could say I was off to buy some Bimbocakes.
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EXCLUSIVE: Grupo Bimbo, world's largest bread company, considering a bid for Hostess' snack cakes and bread brands
Global Currency Tensions Rise (WSJ) - in other words, when everyone eases "to infinity", nobody easesEU to give Spain, France more time to cut deficit (Reuters) - But not because their economies are not "recovering" fast enough, oh no.As we expected, Grupo Bimbo considering a bid for Hostess' snack ...
Grupo Bimbo considers bid for Hostess' brands, NY Post says: See the rest of the story ...
Confirming my source piece from before, writes Grupo Bimbo considering bidding for all of Hostess’s brands.
“Mexico's Grupo Bimbo considers bid for Hostess Brands. Let the renaming fun for Twinkies, ...
Mexico’s Grupo Bimbo eyes Hostess Brands, maker of Twinkies and *** *** via
(Image credit: Scott Olson/Getty Images) Let the games begin. According to Bloomberg Businessweek, Kroger, Wal-Mart, Grupo Bimbo and Alpha Baking Co., are among some 24 companies bidding for assets being sold by Hostess Brands Inc., the bankrupt 82-year-old manufacturer of Twinkies, Ding Dongs, Sno...
Mexican-owned megabakery "Grupo Bimbo", a prime competitor of "Flowers" in the US, might also vie for Hostess' iconic brands
The White Knight Comes for the Snacks, Not for the Union Twinkie the Kid was known for saving Twinkies from evil-doers in his classic commercials. Unfortunately, the Kid was no match for destructive union leadership. Will someone else come to the rescue? Fans of Hostess snacks are hoping that other bakers will run to the brand in the same way they had a run on the products this weekend. And there’s plenty of speculation as to the fate of Hostess and its most iconic assets. Chief among those rumors is that Grupo Bimbo, a Mexican food company, will buy the product line. So does that mean the striking members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) will be back at work soon? Not exactly. Especially if a Mexican buyer is involved, production may go the way of the Brach’s and Fannie May candy concerns: south of the border. With US sugar tariffs set artificially high to protect Florida sugar-growing concerns, a non-unionized shop with access to lower-price ...
Twinkies are back on the endangered species list: management and union were unable to reach an agreement that would keep the company open and nw it's forward into liquidation. The move also kills off the Dolly Madison and Drake lines of snack cakes. However, don't worry too much (or plan to make a fortune in the speculative snack cake market); other snack cake manufacturers like Grupo Bimbo, which already sells very similar products, is said to be one of the companies interested in purchasing the brands, recipes and rights to the Hostess line. Mexico-based Grupo Bimbo is largest bakery in the world. It owns Arnold Bakeries, Sara Lee bakery products, Mrs. Baird's, Orowheat and Thomas English Muffins. To tide you over, there's always Little Debbie or Tasty Cakes if you're in an area in which they are sold. Of course, you could try just snacking on something healthy, but what the *** is the fun in that?
HOSTESS HAS SEVERAL BUYERS AND THE MEXICAN BILLIONAIR IS THE PRIME CANDIDATE AND OWNS THE LARGEST BAKERY IN THE WORLD. snack cakes, may find a buyer when it heads to bankruptcy court today to liquidate the 82-year-old company, the company's CEO says. "I think we'll find buyers," CEO Gregory F. Rayburn told ABC News on Sunday. "A few have surfaced already since Friday expressing interest in the brand to acquire them." Con Agra and Flowers Foods are among the companies that have expressed interest in Hostess, but Mexican company El Grupo Bimbo may have an edge, the Christian Science Monitor reported Saturday. Grupo Bimbo, headed by Mexican billionaire Daniel Servitje Montull, is the largest bread-baking company in the world. Economists say part of the reason Hostess struggled was due to high sugar tariffs meant to protect local producers, the Monitor reported. Grupo Bimbo could take advantage of lower sugar prices in Mexico. Hostess makes Twinkies as well as popular snacks including *** *** Ding Dongs, Suz ...
Christian Science Monitor: Mexico’s Grupo Bimbo, the world’s largest bread baking firm, which already owns parts of Sara Lee, Entenmann’s and Thomas English Muffins may make a bid for parts of Hostess and make Twinkies in Mexico. Food producers ConAgra and Flowers Food, the American company behind Nature Valley granola, have also expressed interest and so has Little Debbie baker McKee Foods.
The huge Mexican conglomerate that bought Sara Lee and Entemann’s may also be interested in acquiring financially challenged Hostess Brands and therefore keep the “golden sponge cake with creamy filling” and other products on the grocery store shelves in the future Grupo Bimbo is said to be the wo...
Grupo Bimbo- a billionaire enterprise from Mexico- might step in to save the Twinkies. In the epic battles between Bugs Bunny and Daffy Duck, they done slept on Speedy Gonzalez!
Grupo Bimbo, a Mexican company that is the world's largest bread baker, might hold the key to saving the Twinkie from extinction in a Hostess liquidation. Though other companies have shown interest in buying some of Hostess' iconic brands, Bimbo might have the inside track, according to the Christia...
The Mexican company: "Grupo Bimbo" is considering buying whats left of Hostess. Does that mean my Ding Dong will now be handled by a Mexican bimbo?
So they say on Good Morning America that Grupo Bimbo have the edge over other bakeries to buy Hostess. Funny how you let 18000 people lose their jobs so you don't have to deal with unions so you can pay people pennies. I didn't know that America pays more for sugar either which is the reason a lot of cakes are made in Mexico. So you want me to be loyal to American products yet you sell to a foreign owner so you can make out like a bandit and American workers have to suffer. Yet you blame the government for the economy. I hate what business has came to. I know a long time ago they had more American pride and was good to the workers. Now its like you have a job and you should be happy we don't replace you so shut up and make me my millions.
it's worse than you think. Hostess bought Dolly Madison years ago. But supposedly Grupo Bimbo is in the hunt.
Grupo Bimbo makes green strides with Mexican wind energy
Some interesting facts about Mexico investing. in the USA Cemex, the Mexican cement and building materials manufacturer, is now the largest producer in its segment in the US – commanding 10.5 per cent of a highly fragmented market. In 2010, Grupo Bimbo, the Mexican baker, announced the purchase of Sara Lee, the US baker, in a deal initially estimated at US$959m. The acquisition, which received approval from the US Department of Justice late last year on condition of some divestitures, consolidated Bimbo as America’s biggest breadmaker. Televisa, the Mexican broadcaster, significantly deepened its exposure to the US market in 2010, investing $1.2bn in Univision, the US’s largest Spanish-language network. It took an initial 5 per cent stake and debentures convertible into an additional 30 per cent equity stake in the future. Probably the most recognised Mexican brand in the US in the past 20 years is Corona Extra, the beer in the clear glass bottle served, in the US at least, with a wedge of lime in t ...
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