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Bimbo brand bread shares the shelves of a supermarket in Anaheim, Calif.
Bimbo brand bread shares the shelves of a supermarket in Anaheim, Calif.
(DAMIAN DOVARGANES/Associated Press)

Canada Bread feeds Latin American firms’ appetite for growth

The biggest bakery you’ve never heard of is now the biggest bakery in Canada.

Grupo Bimbo S.A.B. de C.V. of Mexico is entering Canada’s baked-goods market on top, reaching a $1.8-million deal Wednesday to buy Canada Bread Co. Ltd. Bimbo will instantly acquire 43 per cent of the Canadian bread market, the largest single market share in the country.