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
The spring food chain inspection has been completed: nearly two tons of food were withdrawn from circulation
The spring seasonal food chain inspection period has concluded. Conducted…
Read more >Heineken buys minority stake in UK energy-drink firm Tenzing
The deal is the Dutch brewer’s latest move to invest…
Read more >Müller UK & Ireland Agrees To Acquire Biotiful Gut Health
Müller UK & Ireland has agreed to acquire kefir brand…
Read more >Related news
Nestlé rolls out KitKat chocolate tablets in Romania
Nestlé has launched a new 99g KitKat chocolate tablet line…
Read more >North Macedonian Discounter Stokomak Expands To Serbia
North Macedonia’s hard discounter Stokomak has launched its first Serbian…
Read more >Barilla debuts Al Bronzo collection
Barilla has announced the return of its Al Bronzo pasta…
Read more >