The Bread Wars: Mexican Bimbo’s Uruguayan Acquisition Saga

In a surprising turn of events, Grupo Bimbo’s attempt to acquire Pagnifique, Uruguay’s leading frozen bread producer, has finally succeeded. This acquisition marks a significant shift in the South American baking industry landscape. Initially announced in February 2024, the deal faced regulatory hurdles. Uruguay’s Competition Defense Commission initially rejected the merger, citing concerns over market […]