Processed Food News

Grupo Bimbo sees global sales jump 11% in first half of 2017
Mexican bakery company Grupo Bimbo saw its sales climb more than 11% to US$ 7.39 billion in the first half of 2017, but reported a 6.4% fall in operating income and a 23.9% drop in net majority income. The company's net sales in Mexico rose 11.7%, with higher volumes in "most categories and channel...
New Bafar processing plant in Michoacan 80% complete
Bafar, a company based out of Chihuahua, specialized in beef and pork meat, has 80% of advance in the development of the first stage of the processing  plant currently under construction in La Piedad, Michoacan, with investment of over US$ 200 million. The production from this new location will c...
Technological innovation consolidating Mexico in the agri-food sector
The agricultural technological innovation is the backbone to consolidate Mexico as an agri-food powerhouse and it represents a motor of change to improve the life of producers. The strategy of the government office has been defined through joint public and private investment, innovation and the spe...
Crown Holdings' 2Q results hit by exchange rate; Mexican plant on schedule to open in 2018
Package manufacturer for food and beverages Crown Holdings, Inc. reported net sales in the second quarter for US$ 2.16 billion compared to US$ 2.14 billion in the second quarter of 2016, reflecting increased global beverage can volumes and the pass through of higher raw material costs, partially off...
Grupo Bimbo acquires US-based East Balt Bakeries for US$ 650 million
Grupo Bimbo has entered into an agreement to acquire US-based foodservice supplier East Balt Bakeries for US$ 650 million cash and debt free. The Mexican conglomerate expects to enter into eight new countries in Asia, the Middle East and Africa through this acquisition. East Balt is a foodservice-f...