Grupo Bimbo SAB de CV has acquired St. Pierre Group, a United Kingdom-based baker of premium brioche-style products with a growing presence in the United States. The transaction was disclosed in Bimbo’s third-quarter financial results report.
According to a spokesperson for St Pierre Group, the company was bought in its entirety and will continue to operate independently.
St. Pierre’s products include brioche buns, brioche bagels and brioche sub rolls. Specialty products include chocolate chip brioche loaf, croissants, chocolate and hazelnut rolled crepe, brioche waffles and brioche cinnamon twist.
Grupo Bimbo has acquired numerous specialty baking businesses in recent years operating in the United States. In January 2020, Bimbo purchased the Lender’s Bagels business from Conagra Brands, Inc. In July 2021, the company acquired Emmy’s Organics, a maker of ultra-premium organic cookies.
Terms of the transaction were not disclosed, and top Bimbo executives shared little further information about the company or the acquisition in an Oct. 27 conference call with investment analysts.
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