Bimbo takes slice of US bakery market

Bimbo takes slice of US bakery market

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Summary: Grupo Bimbo has hailed its acquisition of George Weston's US bakery business as a transformational deal that will help the Mexican-facing baker build its credentials as an international player. However, concerns linger over the high levels of debt the company has taken on to fund the US$2.5bn deal. Dean Best reports.

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Word count: 1,144

Date: 12 December 2008

Source: Dean Best