On March 6, 2017, Canada Bread Company, Limited ("Canada Bread"), a subsidiary of Grupo Bimbo S.A.B. de C.V. (Grupo Bimbo" or "the Company") (BMV: BIMBO), announced that is has completed the acquisition of the total shares of Stonemill Bakehouse Limited ("Stonemill") located in Toronto, Ontario.
Duff & Phelps served as exclusive financial advisor to Stonemill and provided M&A Advisory services in connection with the sale transaction.
About Stonemill Bakehouse Limited
Stonemill Bakehouse Limited is a leading producer of slow fermented craft breads baked in stone ovens using 100 per cent natural, non-GMO certified and organic ingredients. This operation will position Canada Bread for further growth, complementing its current product portfolio and its distribution and manufacturing footprint. The acquisition includes well-positioned brands such as Stonemill. The company employs approximately 100 associates and operates one production facility in Scarborough and a store in St. Lawrence Market in Toronto.
About Canada Bread
Canada Bread Company, Limited, a wholly-owned subsidiary of Grupo Bimbo since May, 2014, is a leading producer and distributor of packaged fresh bread and bakery products with brands such as Dempster's®, Villaggio®, POM®, Bon Matin®, Ben's®, McGavins®, Vachon® and Stonemill®. In business for more than 100 years, the Company operates 18 bakeries and employs approximately 4,225 associates across Canada.