Bimbo Sales Boosted By US Acquisition

Mexican bread maker Grupo Bimbo has reported a 24.5% rise in earnings for the third quarter of 2009, following the acquisition the US bread-making unit of Canada-based food and retail conglomerate George Weston in December 2008. Bimbo's earnings reached MXN1.73bn (US$128mn) while total sales increased by 41.1% to come in at MXN29.1bn. Excluding acquisitions, Bimbo's net sales increased by 4.2% in the quarter, representing a slowdown on the double-digit growth being recorded earlier in the

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