date:Apr 07, 2013
Grupo Bimbo S.A.B. de C.V. has completed its $31.9 million purchase of the Beefsteak brand from Hostess Brands, Inc., Irving, Texas. The transaction was funded with cash holdings.
Beefsteak is one of the largest volume selling rye breads in the United States and has a strong, established presence in the Midwest and Mid-Atlantic regions, offering B.B.U. (Bimbo Bakeries USA) a significant opportunity for national expansion, Grupo Bimbo said.
Beefsteak has been sold out of Hostess facilities in B