Food and Beverage Business
Finance

Grupo Bimbo to acquire six bakeries in Romania

Grupo Bimbo to acquire six bakeries in Romania Grupo Bimbo Food and Beverage Business

Mexican bakery major Grupo Bimbo is reportedly set to acquire six more bakeries in Romania, expanding its presence in the food and beverage industry market.

The group is poised to finalize the transaction worth €100m ($108.9m) for the bakeries, according to reports from Romanian business news outlets Ziarul Finaciar and Profit.ro.

The acquisition includes bread and baked goods factories previously owned by the family of local entrepreneur Siminel Andrei, as indicated by sources in the market cited by Ziarul Finaciar.

Contacted by Just Food, Grupo Bimbo Romania’s managing director, Ionut Ilie, refrained from disclosing further details about the reported purchase.

The company has been asked to provide information on the location of the factories in Romania, their size, and the products that will be manufactured there.

Just Food has also reached out to Grupo Bimbo for confirmation on the timeline for finalizing the deal.

Last February, Ziarul Finaciar reported that Andrei had invested €10m in two bread factories, located in Brăila and Craiova in Romania.

A Grupo Bimbo spokesperson confirmed the expansion in a statement, emphasizing the company’s commitment to providing quality products and nourishing a better world through collaboration with skilled individuals in each country.

Addressing the investment, Andrei expressed his dedication over 15 years and highlighted Grupo Bimbo’s capabilities in developing projects in Romania.

Grupo Bimbo acquired Romanian bakery business Vel Pitar last year and is focused on enhancing revenues and EBITDA in 2024.

In the recent financial report, the company forecasted a transitional phase for the year, with expected growth in sales and EBITDA.

Chairman and CEO Daniel Servitje outlined the company’s strategy in navigating diverse consumer markets and maintaining a balance between caution and resilience.

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