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GBC@IV gives boost to food processing industry in UP

The fourth edition of the groundbreaking ceremony (GBC@IV) organised by the Yogi Adityanath government recently saw initiation of investments of over Rs 60,000 crore in the food processing sector of Uttar Pradesh, of which the top five projects are expected to generate over 3,000 employment ....

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Bimbo to buy Spain plant from Cerealto Siro Foods

Grupo Bimbo is to acquire a factory in Spain, one of the Mexican company's largest overseas markets, from local peer Cerealto Siro Foods. ....

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Grupo Bimbo celebrates 75th anniversary with record results, unwavering commitment and an energised position for the future

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Grupo Bimbo celebrates 75th anniversary with record results, unwavering commitment and an energised position for the future
By Gill Hyslop
2020 was a remarkable year for Grupo Bimbo - Daniel Servitje, chairman and CEO.
The world’s largest bakery company posted outstanding financial results, reported significant market share gains, was recognised as one of the world’s most ethical companies for the fifth consecutive year and increased its global use of renewable electricity from 49% to 80%.
The Mexican bakery giant also signed an agreement with Cerealto Siro Foods to acquire a production plant in Medina del Campo, Spain, and acquired Modern Foods, a leading player in the baking industry in India. ....

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Bimbo to buy Spain plant from Cerealto Siro Foods

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Mexican baking major Grupo Bimbo buys bread brand Modern Foods from Everstone

Updated Feb 25, 2021 | 11:02 IST
Grupo Bimbo is the largest baking company in the world, operating in 33 countries, including in India, and has a diversified portfolio of over 13,000 products and more than 100 brands.
Mexican baking major Grupo Bimbo buys bread brand Modern Foods from Everstone. (Photo courtesy: company website)
Mumbai: Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Mexican baking major Grupo Bimbo for an undisclosed sum.
Everstone in a statement on Wednesday said that Modern Food Enterprises, which was held by its bread and bakery platform Everfoods Asia, was sold to Ready Roti India, the domestic subsidiary of the Mexican major. ....

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