Group Bimbo completed the acquisition of East Balt Bakeries for $650m.

Group Bimbo completed the acquisition of East Balt Bakeries, a global foodservice provider specialized in producing and supplying baked goods, from One Equity Partners, a middle-market private equity firm $650m. “East Balt brings significant expertise, a remarkable track record of profitable growth, and a geographically diverse and highly scalable platform in the foodservice segment, complementing our current business within this channel. This acquisition continues to fulfill our vision of expanding our global reach to better serve more consumers, with entry to eight new countries. Notably, East Balt enjoys long-standing strategic relationships, with the largest and most established QSR brands in the world. We look forward to welcoming all of East Balt’s associates to the Grupo Bimbo family and to our continued growth together,” Daniel Servitje, Grupo Bimbo CEO and Chairman of the Board.