Acquires the majority stake of the baking leader in New Delhi and its surrounding areas.
Mexico City, May 25, 2017 -Grupo Bimbo announces a joint venture agreement with Ready Roti India Private Limited ('Ready Roti') in the Republic of India, in which Grupo Bimbo will hold a 65% stake.
Ready Roti, founded in 1993, is the baking leader in New Delhi and its surrounding areas. It produces packaged bread, pizza bases, and sweet and savory buns, with leading brands like Harvest Gold® and Harvest Selects®. The Company generates annual sales of approximately US$ 48 million, with four plants and more than 500 associates.
'With this joint venture, the company is entering a new market, strengthening our presence in emerging markets and expanding our operations to 24 countries on four continents, in line with our vision,' stated Daniel Servitje, President and CEO of Grupo Bimbo.
Ready Roti will become a part of the Organization Europe, Asia and Africa (EAA).
Grupo Bimbo SAB de CV published this content on 25 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2017 22:40:19 UTC.
Original documenthttp://www.grupobimbo.com/en/press-room/press-releases/2017/may/grupo-bimbo-enters-into-india.html
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Grupo Bimbo SAB de CV is a Mexico-based company engaged in the food processing sector. The Company focuses on the manufacture, distribution and sale of bread, breakfast bread muffins and bagels, frozen bread, cakes and smaller cakes, sweet and non-sweet cookies, tortillas, pita bread, pizza bread, tostadas and tortillas, snacks, salads and candies, among others. Its segments comprise Mexico; North America, including the United States and Canada; Organization Latinamerica (OLA), including Central and South America, and Europe. The Company operates in over 20 countries and has approximately 100 brands. The Company offers over 10,000 products under various brand names, such as Bimbo, Barcel, Sara Lee, Oroweat, Marinela, Arnold, Entenmann's, Ricolino, Dempster' and Thomas'. It operates through Groupe Adghal.
GRUPO BIMBO, S.A.B. DE C.V. 
