George Weston Limited in Discussion to Sell Dunedin to Mexico's Grupo Bimbo
Dunedin Holdings S.a.r.l, is in discussions with Grupo Bimbo regarding the possible sale of Dunedin's US fresh bread and baked goods business.
05/12/08 George Weston Limited confirmed that its subsidiary, Dunedin Holdings S.a.r.l, is in discussions with Grupo Bimbo regarding the possible sale of Dunedin's US fresh bread and baked goods business. No agreement has been reached and there can be no assurance that any transaction will be concluded.
George Weston Limited is a Canadian public company founded in 1882 and through its operating subsidiaries constitutes one of North America's largest food processing and distribution groups. Weston has two reportable operating segments: Weston Foods and Loblaw, which is operated by Loblaw Companies Limited. The Weston Foods operating segment is primarily engaged in the baking industry within North America. Loblaw is Canada's largest food distributor and a leading provider of general merchandise, drugstore and financial products and services.
