Bimbo To Again Focus On Acquisitions, BMI Believes Brazil Could Be Top Priority

Mexico-based bread maker Bimbo has said that it would look to pay back up to US$700mn in debt by the end of 2010 to put itself in a position to make acquisitions. The company told news website Just-food that it would target bolt-on acquisitions in markets where it already operates, but said it was not currently planning big investments in new markets. The firm's acquisition of the US bread-making unit of food and retail conglomerate George Weston significantly increased the percentage of sales it derives from developed markets. BMI therefore believes its attentions may now refocus on the emerging markets

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