TORONTO — Canada Bread Co., Ltd., a subsidiary of Grupo Bimbo S.A.B. de C.V., has acquired Stonemill Bakehouse Ltd. Financial terms of the transaction were not disclosed.
Based in Toronto, Stonemill Bakehouse makes slow fermented craft bread baked in stone ovens using non-G.M.O. certified and organic ingredients. The company partners with Prince Edward County farmers for locally grown rye and spelt.
The company’s bread products are sold under the Stonemill Slow Crafted brand and are available in several varieties, including Sprouted 3 Grains, 11 Whole Grains, Bavarian Light Rye and Sprouted Flax.
The acquisition is expected to position Canada Bread for further growth, complementing its current product portfolio and its distribution and manufacturing footprint. Stonemill employs approximately 100 associates and operates one production facility in Scarborough and a store in St. Lawrence Market in Toronto.Late last month, Bimbo announced the acquisition of Panettiere, a frozen baked foods business based in Bogota, Colombia.