Toronto – Canada Bread Company is venturing into craft breads with its acquisition of Stonemill Bakehouse Limited in Toronto.
Canada Bread, a subsidiary of Grupo Bimbo S.A.B. de C.V., completed the acquisition on March 6. The financial details were not disclosed.
Stonemill Bakehouse is a producer of slow fermented craft breads baked in stone ovens using 100 per cent natural, non-GMO certified and organic ingredients.
The company partners with farmers from Prince Edward County for locally grown rye and spelt. Stonemill allows its dough to ferment for as long as 24 hours, which means no chemical additives, sugar or fat are needed. Breads are baked in small (200 kg) batches.
Some of Stonemill’s breads include Authentic Sourdough Rye, Organic Live Sprouts (sprouted grains), Honest Wellness (breads are fermented for four hours), and Truly Original.
Canada Bread says the acquisition positions the company for further growth and will complement its current product portfolio and its distribution and manufacturing footprint.
The company employs approximately 100 associates and operates one production facility in Scarborough and a store in St. Lawrence Market in Toronto.
Canada Bread has been a wholly-owned subsidiary of Grupo Bimbo since May, 2014. The company produces and distributes packaged fresh bread and bakery products with brands such as Dempster’s, Villaggio, POM, Bon Matin, Ben’s, McGavins, Vachon. In business for more than 100 years, the Company operates 18 bakeries and employs approximately 4,225 associates across Canada.