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Company type | Subsidiary |
---|---|
Industry | Bread |
Founded | 1911 |
Headquarters | , |
Area served | Canada |
Number of employees | 4,800 |
Parent | Grupo Bimbo |
Website | www |
Canada Bread Company, Ltd. is a Canadian producer and distributor of packaged fresh bread and bakery products. The company operates 17 bakeries and employs over 4,800 employees across Canada. [1]
Purchased by Grupo Bimbo (BIMBOA:Mexico) on May 23, 2014 for CAD$1.83 billion, Canada Bread is currently led by Alejandro Pintado, President, and operates as an independent business unit of the global baking company. [2]
The logo is a combination of a "CB" (the company's initials), a Maple Leaf, and a wheat shoot. It was designed by Phil Slous.
Canada Bread was founded in June 1911 following the merger of five of Canada's leading baking companies: Bredin Bread Company, Model Bakery (founded by George Weston), Toronto Bakery, Stuarts Limited and Boyd's Bakery. The founders of these acquired bakeries, their companies no longer theirs, agreed not to compete with Canada Bread, in bread for ten years. Weston and Stuart immediately formed new baking companies making biscuits and cakes. Weston Bakeries reentered the bread market in 1921, becoming over time a major competitor to Canada Bread.
Over a span of 30 years, the company quickly grew, purchasing over 20 bakeries in a dozen cities across the country and establishing new bakery locations in Kingston, Ontario, Cornwall, Ontario, Kirkland Lake, Ontario, Chatham, Ontario and Sudbury, Ontario. In 1968, the company acquired Dempster's Bread Limited, which had become the nation's best-selling brand of bread.[ citation needed ] It followed this acquisition in 1969 by changing the name of the company to Corporate Foods Limited, but later reverted to Canada Bread Company, Limited in 1997. Quebec-based Multi-Marques, with its brand POM, was acquired in 2001.
In May 2014, Canada Bread was purchased from Maple Leaf Foods by Mexican-based bakery organization, Grupo Bimbo. Less than a year later, in February 2015, Canada Bread acquired the bakery division of Saputo Inc., Vachon Bakery (which had purchased Stuart in 1979), for CAD$120 million. [3] In March 2015, Canada Bread also acquired two former Sobeys bakeries located in Winnipeg, Manitoba and Calgary, Alberta in Western Canada. [4]
In May 2016, Canada Bread announced it was closing its North Bay, Ontario location after nearly 50 years of operation in the city; to be divested across other Canada Bread locations.
In June 2023, Canada Bread pleaded guilty to four counts of price fixing with its grocery competitors to increase the price of bread products over a 16-year period and was fined $50 million. According to the Competition Bureau, the fine was the highest ever price-fixing fine in Canadian history. [5]
Old HB, Inc., known as Hostess Brands from 2009 to 2013 and established in 1930 as Interstate Bakeries Corporation, was a wholesale baker and distributor of bakery products in the United States. Before its 2012 closure and liquidation, it owned the Hostess, Wonder Bread, Nature's Pride, Dolly Madison, Butternut Breads, and Drake's brands.
Loblaws is a Canadian supermarket chain with stores located in the province of Ontario, and in Alberta and British Columbia under the Loblaws CityMarket banner. Headquartered in Brampton, Ontario, Loblaws is a subsidiary of Loblaw Companies Limited, Canada's largest food distributor.
Loblaw Companies Limited is a Canadian retailer encompassing corporate and franchise supermarkets operating under 22 regional and market-segment banners, as well as pharmacies, banking and apparel. Loblaw operates a private label program that includes grocery and household items, clothing, baby products, pharmaceuticals, cellular phones, general merchandise and financial services. Loblaw is the largest Canadian food retailer, and its brands include President's Choice, No Name and Joe Fresh. It is controlled by George Weston Limited, a holding company controlled by the Weston family; Galen G. Weston is the chair of the Loblaw board of directors, as well as chair of the board of directors and CEO of Canada-based holding company George Weston.
Willard Gordon Galen Weston was a British-Canadian billionaire businessman and Chairman Emeritus of George Weston Limited, a Canadian food processing and distribution company. Weston and his family, with an estimated net worth of US$8.7 billion, are listed as the third wealthiest in Canada and 178th in the world by Forbes magazine.
George Weston was an American-born Canadian businessman and the founder of George Weston Limited. He became Toronto's biggest baker with Canada's largest bread factory. Weston began his career at the age of 12 as a baker's apprentice and went on to become a bread route salesman. By the turn of the century, he was known throughout the city for his "Weston’s Home-Made Bread" and years later for "Weston’s Biscuits." In addition to being a successful local businessman, he was also a prominent Methodist, as well as a municipal politician who served four years as alderman on Toronto City Council.
Wonder Bread is an American brand of sliced bread. Established in Indianapolis, Indiana, in 1921, it was one of the first companies to sell sliced bread nationwide by 1930. The brand is currently owned by Flowers Foods in the United States.
Associated British Foods plc (ABF) is a British multinational food processing and retailing company headquartered in London, England.
Entenmann's is an American company that manufactures baked goods and delivers them throughout the United States to supermarkets and other retailers for public sales. Often, they are known to have display cases at the end of store aisles. The company offers dessert, cup, loaf, and crumb cakes, and donuts, cookies, pies, cereal bars, muffins, Danish pastries, and among other baked goods, buns. In the past several years, they have added designer coffee flavors along with scented candles to their product line in an effort to broaden its appeal.
Grupo Bimbo, S.A.B. de C.V. is a Mexican multinational food company with a presence in over 33 countries located in the Americas, Europe, Asia and Africa. It has an annual sales volume of 15 billion dollars and is listed on the Mexican Stock Exchange with the ticker BIMBO.
Maple Leaf Foods Inc. is a Canadian multinational consumer-packaged meats and food production company. Its head office is in Mississauga, Ontario.
Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.
George Weston Limited, often referred to as Weston or Weston's, is a Canadian holding company. Founded by George Weston in 1882, the company today consists of the Choice Properties real estate investment trust and Loblaw Companies Limited, Canada's largest supermarket retailer, in which it maintains a controlling interest. The company is majority owned by Wittington Investments, Ltd Canada, a holding company that the Weston family are the controlling share holders in. Retail brands include President's Choice, No Name and Joe Fresh. The former Weston Bakeries division, which owned the brands Wonder, Country Harvest, D'Italiano, Ready Bake and Gadoua, was sold off to FGF Brands in 2022.
Willard Garfield Weston was a Canadian businessman and philanthropist who was a member of the prominent Weston family. He led George Weston Limited and its various subsidiaries and associated companies, including Associated British Foods, for half a century and established one of the world's largest food processing and distribution concerns. He also served as a Member of Parliament (MP) in the British House of Commons during World War II.
Vachon Bakery is a Canadian maker of popular snack pastries. The company was part of Saputo Inc. from 1999 to 2015. It has been owned by Canada Bread, part of Grupo Bimbo since 2015.
Bimbo Bakeries USA, Inc. is the American corporate arm of the Mexican multinational bakery product manufacturing company Grupo Bimbo. It is the largest bakery company in the United States. The subsidiary, headquartered in Horsham, Pennsylvania, a suburb of Philadelphia, owns many fresh bread and sweet baked goods brands in the United States, including Arnold, Levy's, Ball Park, Columbo, Francisco, Oroweat, Entenmann's, Sara Lee, and Thomas'. It is also a top advertising sponsor for many major soccer teams around the globe.
ACE Bakery is a maker of European-style, artisan breads and baked goods. The company, based in Toronto, has some 35 varieties of bread. According to Toronto Life, ACE Bakery's bread is preservative free and from natural starters. In addition to other products, including a line of granola and artisan crisps, marketed across Canada and parts of the United States. Along with breads, ACE Bakery also makes par-baked or partially baked, flash-frozen dough. Founded by a Caledon, Ontario husband and wife, the company is today owned by FGF Brands.
Mexican breads and other baked goods are the result of centuries of experimentation and the blending of influence from various European baking traditions. Wheat, and bread baked from it, was introduced by the Spanish at the time of the Conquest. The French influence in Mexican Bread is the strongest. From the bolillo evolving from a French baguette to the concha branching out from a French brioche even the terminology comes from France. A baño maría, meaning a water bath for a custard type budín or bread pudding comes from the French word bain marie. While the consumption of wheat has never surpassed that of corn in the country, wheat is still a staple food and an important part of everyday and special rituals. While Mexico has adopted various bread styles from Europe and the United States, most of the hundreds of varieties of breads made in the country were developed here. However, there is little to no baking done in Mexican homes; instead, Mexicans have bought their baked goods from bakeries since the colonial period.
General Host Corp. was a New York-based food and food-related company. It was also the owner of Frank's Nursery & Crafts until the company's bankruptcy in 2004.
The bread price-fixing scandalin Canada refers to a group of competing bread producers, retailers and supermarket chains reached a secret agreement among themselves to artificially inflate the price of bread at the wholesale and retail levels from late 2001 to 2015. The Competition Bureau of Canada alleged, in court documents released 31 January 2018, that seven Canadian bread companies committed indictable offences in what journalist Michael Enright later termed "the great Canadian bread price-fixing scandal" of 2018. Penalties can range from $25 million to a prison term of 14 years.