Workflow
sandwich bread
icon
Search documents
Grupo Bimbo buys Joy Food in Morocco
Yahoo Finance· 2026-01-12 13:26
Group 1 - Grupo Bimbo has agreed to acquire Joy Food International, a producer of industrial bread in Morocco, through its Spanish subsidiary, Bakery Iberian Investments SL [1] - The acquisition enhances Grupo Bimbo's presence in Morocco, a market it entered in 2017, and complements its operations in Tunisia [2] - The company operates in 39 countries globally and has a network of 249 bakeries and over 1,500 sales centers across various regions [3] Group 2 - Grupo Bimbo reported third-quarter net sales of 107.4 billion pesos ($6 billion), reflecting a 1.2% increase year-over-year [3] - Operating income for the third quarter rose by 0.4% to 9.4 billion pesos, while adjusted EBITDA increased by 0.8% to 15.8 billion pesos [4] - In 2024, Grupo Bimbo's operating income fell by 6.5% to 33.1 billion pesos, while adjusted EBITDA climbed by 1% to 55.4 billion pesos [4]