Grupo Bimbo has acquired Alimentos Nutra Bien, a Chile-based cakes, cookies and brownies manufacturer. The announcement comes as Bimbo published strong full-year results: net sales were up 7.8% to MXN 288.27 billion ($15.06 billion) and operating income rose 5.9% to MXN 18.51 billion $967 million.
Daniel Servitje, Grupo Bimbo CEO, said: “We closed the year with record-breaking levels of net sales, gross profit, operating income and adjusted EBITDA, positioning us as a stronger and leaner company that will continue to create value and serve our consumers.”
During 2018, Bimbo completed the acquisition of Chinese confectionery company Mankattan. The deal includes four production sites owned by Mankattan that serve consumers in the cities of Beijing, Shanghai, Sichuan, and Guangdong.
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