GFM Network News

Canada Bread to shut Beauce-region bakery

Baked goods firm Canada Bread Co. plans to shut a pantry bread bakery in Quebec’s Beauce region and shift a nearby plant’s bread roll production to a third site in the province. The company, an arm of Mexican bakery firm Grupo Bimbo since 2014, announced Tuesday it will close its bakery at St-Come-Liniere, about 110 […] Read more

Bimbo to shut Canada Bread’s North Bay plant

Canada Bread, the Canadian arm of Mexican baked-goods giant Grupo Bimbo, plans to close its bakery at North Bay, Ont. later this summer. The company announced Wednesday it will begin to gradually wind down operations, transfer the plant’s work to its other bakeries in Quebec and Ontario and shut down the bakery effective Aug. 5. […] Read more

Canada Bread to shut Ben’s Bakery

The Canadian arm of Mexican baked goods giant Grupo Bimbo plans to wind down its Ben’s Bakery operations in Halifax starting this summer and close its plant in November. Canada Bread said Monday the sliced bread and English muffins made at its Halifax plant “can be produced at other bakeries in Atlantic Canada where there […] Read more

Maple Leaf reduces Q4 loss, hikes dividend

Reuters — Meat processor Maple Leaf Foods reported a smaller, but still disappointing, quarterly loss on Thursday, as it worked through a plan to close older packing plants. Even so, the company will double its quarterly dividend to eight cents. CEO Michael McCain said the move reflected confidence in the business outlook. Maple Leaf, one […] Read more

Canada Bread to buy Saputo snack cake business

Canada’s biggest dairy processor is set to sell its baked goods business to Canada Bread for $120 million cash. Montreal-based Saputo’s baked goods business is billed as Canada’s top producer of snack cakes, sold mainly in the Canadian retail market and “on a small scale” in the U.S. The company’s cakes are sold under the […] Read more