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Sun Nov 18, 2012, 04:44 PM

 

Bimbo bakeries most likely to buy Hostess!



http://www.foxnews.com/us/2012/11/18/will-twinkies-prove-sweet-deal-for-mexican-billionaire/

*forgive me for posting a link to "Faux news"...*

Will Twinkies prove a sweet deal for Mexican billionaire?

It’s a golden opportunity.

Hostess Brands is going out of business and it’s possible the company’s most iconic sugary confection – Twinkies -- could be bought by a Mexican business.

Mexico’s Grupo Bimbo, the world's largest bread-baking firm, could be on the short list for acquiring some of the Texas-based Hostess’ foodstuffs, according to Forbes. Grupo Bimbo already owns parts of Sara Lee, Entenmann’s and Thomas English Muffins.

Others firms that could be in the running include ConAgra and Flowers Food, the American company behind Nature Valley granola, as well as McKee Foods, baker of Little Debbie snack cakes, the Christian Science Monitor reports.

Pepperidge Farm, a division of Campbell Soup Co., is also considered a prospective buyer, analysts told Fox Business.

The Monitor reports Bimbo has already been present around the bankruptcy proceedings that have haunted Hostess for a decade, in a bid to further expand its North American portfolio and pad its $4 billion net worth.

According to Forbes, Bimbo put in a low-ball bid of $580 million a few years ago. But Hostess may turn out to be a steal with a reported worth of $135 million today.

The Hostess brands “most likely will be purchased by a competitor that will bolt the additional sales to a more efficient delivery system,” David Pauker, a food industry restructuring specialist, tells Reuters. “The company itself won't survive.”

Daniel Servitje Montull runs Grupo Bimbo along with his family. Under his leadership, which began in 1997, Daniel Servitje positioned the company for rapid growth. This included a battle with Mexico’s tortilla king and bringing white bread to Latin American markets, according to Forbes.

Today Bimbo, which reportedly competes with U.S. companies like Kellogg, Hershey and General Mills, is a $10 billion sales business with $200 million cash on its balance sheet, according to Forbes.

That’s a lot of Twinkies.

Bimbo Bakeries brands include:
Arnold
Ball Park buns
Boboli
Brownberry
EarthGrains
Entenmann’s
Fransico
Freihofer’s
Marinela
Mrs Baird’s
Oroweat
Sara Lee
Stroehmann
Thomas English
Tia Rosa
Old Country
Weber’s
Roman Meal bread
Sun-Maid bread
Cinnabon bread
Milton’s bread

23 replies, 6719 views

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Replies to this discussion thread
Arrow 23 replies Author Time Post
Reply Bimbo bakeries most likely to buy Hostess! (Original post)
dem4ward Nov 2012 OP
MADem Nov 2012 #1
El Supremo Nov 2012 #5
NYC_SKP Nov 2012 #2
DonRedwood Nov 2012 #16
NICO9000 Nov 2012 #3
pipoman Nov 2012 #4
Please proceed Nov 2012 #6
CreekDog Nov 2012 #14
pipoman Nov 2012 #21
SoCalDem Nov 2012 #23
HiPointDem Nov 2012 #7
El Supremo Nov 2012 #9
HiPointDem Nov 2012 #10
Shankapotomus Nov 2012 #12
HiPointDem Nov 2012 #15
Shankapotomus Nov 2012 #17
Wellstone ruled Nov 2012 #8
SoCalDem Nov 2012 #11
HiPointDem Nov 2012 #13
BlueMan Votes Nov 2012 #18
HiPointDem Nov 2012 #19
Jennicut Nov 2012 #20
AsahinaKimi Nov 2012 #22

Response to dem4ward (Original post)

Sun Nov 18, 2012, 04:55 PM

1. People have a wrong idea about the word "bimbo."

It means (male) baby in Italian. A female baby would be a bimba. It has taken on a different meaning in US conversation.

I've never heard the word in Spanish conversation. Does it have a particular meaning, does anyone know?

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Response to MADem (Reply #1)

Sun Nov 18, 2012, 05:05 PM

5. It's pronounced 'beembo'

And it means nothing in Spanish. They just thought it sounded cute, and goes with the cute bear.

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 04:55 PM

2. Keep your Thomas English OFF my Ball Park Buns.

That is all.

.

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Response to NYC_SKP (Reply #2)

Sun Nov 18, 2012, 06:38 PM

16. Well, you stop looking at my Boboli!

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 04:59 PM

3. I was wondering if they'd be the most likely to buy them

I didn't realize they owned so many brands I buy regularly. I really don't want to go too long without my Hostess apple pies, so somebody please hurry up and buy them and keep the unionized workers!

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 05:00 PM

4. Such an unfortunate name for the US market..

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Response to pipoman (Reply #4)

Sun Nov 18, 2012, 05:12 PM

6. Sex sells! nt

 

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Response to pipoman (Reply #4)

Sun Nov 18, 2012, 06:29 PM

14. it's no biggie...seems like a natural pairing of companies --we have Bimbo stuff all over out here

lots of Mexican stores here.

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Response to CreekDog (Reply #14)

Sun Nov 18, 2012, 09:41 PM

21. I love Entenmann’s Devils Food Chocolate Donuts..

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Response to pipoman (Reply #4)

Mon Nov 19, 2012, 11:21 AM

23. Chevy Nova was not such a hot item in Latin America

No Va= No Go

sometimes names are awkward in foreign countries ..as are common hand gestures

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 05:56 PM

7. and this is good news because....? you understand that bimbo makes a lot of

 

their product in mexico, right?

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Response to HiPointDem (Reply #7)

Sun Nov 18, 2012, 06:17 PM

9. They have plants all over the US.

One right here in Denver. Delivery trucks all over the streets. They probably will reopen the Hostess plant that is now closed. I only question how they will deal with unions.

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Response to El Supremo (Reply #9)

Sun Nov 18, 2012, 06:18 PM

10. they also make a lot of their product in mexico and ship it into the us. they have

 

Last edited Sun Nov 18, 2012, 09:06 PM - Edit history (1)

exactly 75/35 bakeries/factories in the us, & most of those are the result of a recent acquisition (sara lee) so some will undoubtably be closed.

so "all over the us" is a gross exaggeration.

trucking food in from mexico is just as easy as trucking it from somewhere in the us. cheaper, because you can use mexican drivers now.

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Response to El Supremo (Reply #9)

Sun Nov 18, 2012, 06:22 PM

12. From their website:

"Our company values are strong. We start by valuing the person and seeing others as people not things. We serve with passion, committing ourselves to everything we do. We promote teamwork, collaborating, and building personal bonds. "

Not sure how that will translate toward their treatment of unions, though.

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Response to Shankapotomus (Reply #12)

Sun Nov 18, 2012, 06:31 PM

15. who ever believed any of the garbage on a corporate website? they all talk about

 

how they have passion and value people, and it's all so much bullshit. they don't.

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Response to HiPointDem (Reply #15)

Sun Nov 18, 2012, 06:42 PM

17. probably

i'm not on corporate websites much.

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 06:05 PM

8. Such a Deal I tlle yah,

Hostess debt something north of 1.3 Billion and going out the door for 580 Million. Such a deal,I tell yah. What about the workers,oh that's right,they can call 211 or 411 or something like that. Let the Harvest begin.

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 06:19 PM

11. It was never about the Hostess products

It's always been about finding a way to dump "higher paid" workers , grab some quick cash & dump the company..

Mission Accomplished

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Response to SoCalDem (Reply #11)

Sun Nov 18, 2012, 06:22 PM

13. +1. i don't particularly care whether twinkies survive as a product; i do care about

 

american labor.

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 06:49 PM

18. they already own sara lee-

 

isn't that a violation of some kind of a snack cake anti-trust law?

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Response to BlueMan Votes (Reply #18)

Sun Nov 18, 2012, 09:09 PM

19. also mrs bairds, oroweat, entenmanns, thomas english muffins/bagels, boboli, etc.

 

bimbo's has been the largest baking company in the US & north america since 2009. The hostess takeover will make them the largest distributor.

other bimbo US brands

Grandma Sycamore's
heiners
rainbo
Arnold
Maiers
Ball park buns
Marinela
Old country bread
brownberry
earth grains
stroehmann
francisco
Freihofer's
Tia Rosa

here's what they do after they take over companies:

This month, Bimbo Bakeries closed all of its San Diego-area bakery outlet stores: in Kearny Mesa, El Cajon, Escondido, and Chula Vista.

By shopping at the discount stores, many folks, particularly those on fixed incomes, were able to save on costs. Brian, an employee at Tommy’s Nails (next to the Kearny Mesa store), reported that the flow of disappointed customers has continued weeks after the closing.

I sent a consumer inquiry to the company via their website. Karen, a Bimbo representative, called the next morning to say the company recently closed 13 stores in Southern California. She said it was “a business decision” and could not provide additional insight.

http://www.sandiegoreader.com/news/2011/mar/30/stringers-four-bakery-outlets-close-san-diego/


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Response to dem4ward (Original post)

Sun Nov 18, 2012, 09:36 PM

20. They have some bakeries here.

I am not sure how they would make the products, here in the bakeries they have in the United States or in Mexico.
I do buy their bread now and then and it is made in bakeries in PA.

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Response to dem4ward (Original post)

Sun Nov 18, 2012, 09:52 PM

22. Omg...Freihofer’s Chocolate Chip


IMHO best Chocolate Chip cookies I have ever eaten. I remember eating them as a kid while visiting my auntie in upstate, NY. She used to buy them fresh from their bakery. She used to bake cookies, but could never match their Chocolate chips, so she just bought them instead. Always had a big jar of them, and my fingers were always covered in gooey chips that melted in your hand while eating them.

I also loved their Raisin Oatmeal cookies. I don't buy those kinds of cookies any more, because I have never found any thing as good as Freihofer's cookies out here in the City.

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