MEXICO CITY—Mexican breadmaker Bimbo announced it is purchasing Weston Foods, Inc., the U.S. breadmaking unit of Canada's George Weston Ltd., for $2.38 billion. The deal is expected to close in first quarter 2009, pending regulatory approval.
The U.S. operation, Weston Foods, Inc., will give Bimbo access to the Boboli, Brownberry, Entenmann's, Freihofer's, Stroehmann and Thomas' brands of breads, rolls, muffins and bagels and strengthen its presence in the eastern United States.
