Announced
Completed
Financials
Tags
Private
Single Bidder
Food Products
Friendly
Majority
Canada
pastry shop
Acquisition
Cross Border
Completed
Synopsis
Hearthside Food, a manufacturer and producer of pastries and small foods, completed the acquisition of Weston Foods ambient bakery business, a pastry manufacturer of George Weston Foods, for $293m. "With the agreement to sell the ambient segment to Hearthside and our previously announced sale of the fresh and frozen businesses, we have two high-quality buyers that are well-positioned to carry on the proud legacy of the Weston Foods business. With the sale of the entire bakery business, George Weston will be focused on its market-leading Retail and Real Estate businesses going forward," Galen G. Weston, George Weston Chairman and CEO.
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