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Grupo Bimbo completed the acquisition of the Chinese Grupo Mankattan bakery, after receiving satisfaction of the usual conditions for this type of operations, including the necessary regulatory approvals.
The chairman of the board of the Mexican company, Daniel Servitje, said that this operation strengthens its presence in the country and promotes the growth of branded products and fast food chain in China.
The market is of vital importance in terms of growth and acquisition that determines our global profile, "he said in a statement.
The Mexican multinational said that Mankattan He's built a solid customer base in key markets – his product portfolio, his manufacturing footprint, and his distribution network.
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