"80 Goodmans lawyers ranked as top-tier in 31 areas of law." - Canadian Legal Lexpert Directory
Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Grupo Bimbo Acquires Canada Bread for $1.83 Billion

2014

Areas Corporate and Commercial, Employment and Labour, Litigation, Tax

Summary

Goodmans represented the Special Committee of Maple Leaf Foods Inc. (Maple Leaf) in connection with Maple Leaf's sale of its 90% interest in Canada Bread Company Limited (Canada Bread) as part of the $1.83 billion all cash acquisition of Canada Bread by Grupo Bimbo, S.A.B. de C.V. (Grupo Bimbo). The transaction was completed by way of a plan of arrangement and closed on May 23, 2014.  

Maple Leaf is a leading consumer packaged food company, headquartered in Toronto with operations across Canada and in the United States, United Kingdom, Asia and Mexico.

Canada Bread is a leading manufacturer and marketer of value-added flour based products, including fresh bread, rolls, bagels and sweet goods, frozen partially baked or par-baked breads and bagels, and specialty pasta and sauces. Canada Bread markets products under a number of leading brand names, including Dempster’s®, Olafson’s, POM®, Ben’s® and Olivieri®.

Grupo Bimbo is one of the world’s largest bakeries, with 148 plants and over 1,600 distribution centers strategically located in Mexico, the United States, Latin America, Iberian Region and Asia. Grupo Bimbo has more than 100 prestigious trademarks, including: Bimbo, Marinela, Arnold, Oroweat, Brownberry, Thomas’, Sara Lee, Barcel, Entenmann’s, Tia Rosa, Mrs Baird’s, Ricolino, Pullman, among others.