Grupo Bimbo Acquires Balkan Bakery Group Don Don
Mexico’s Grupo Bimbo, the world’s largest bakery company, has acquired Slovenian-based bakery group Don Don, which has a strong presence in the Balkans.
Don Don will lead Grupo Bimbo’s expansion into Central and Southern Europe, a region where the Mexican giant has yet to establish a significant foothold.
The acquisition will enable Don Don to leverage Grupo Bimbo’s global reach, to further expand its presence across its existing markets, including Serbia, Bosnia and Herzegovina, Bulgaria, Romania and Croatia, with exports to Kosovo, North Macedonia, Greece and Slovakia.
In Slovenia, Don Don operates two production facilities – one in Kranj, and one in Grosuplje – and owns the brands Tvojih 5 Minut and Pekarna Grosuplje.
The company employs over 2,400 people and generated €190 million in sales in 2023 – an 8% year-on-year increase – with net profit nearly doubling, to €21 million.
With this acquisition, Grupo Bimbo will expand its geographic presence to 39 countries and its customer base. The consolidated group plans to invest in advanced technology facilities, strategic partnerships, and acquisitions in key markets.
While the exact value of the transaction and the specific details of the partnership have not been publicly disclosed, both companies are expected to meet the necessary conditions within the next five months.
ESM
Related news
Wonder to acquire Grubhub for $650M
Just Eat Takeaway originally purchased Grubhub for $7 billion in…
Read more >Mondi increases its presence in Western Europe via acquisition
Packaging firm Mondi has entered into an agreement to acquire…
Read more >Keurig Dr Pepper to buy energy-drinks business Ghost
The 7Up maker will initially purchase a 60% shareholding in…
Read more >Related news
Seven In Ten Younger Consumers Use Self-Checkouts Regularly In Germany
A new study by KPMG and the EHI Retail Institute…
Read more >Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >