Mexican breadmaker to expand

Source:Agencies-Global Times Published: 2017/4/20 23:38:39

Mexico-based breadmaker Grupo Bimbo plans to grow in China in the short term with acquisitions, while also expanding in the rest of Asia and entering Middle Eastern markets, the company's food business chief said on Wednesday (US time).

Bimbo, which entered China in 2006 after buying the local assets of Spanish competitor Panrico, plans to expand in China through purchases of local companies.

Posted in: COMPANIES

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