Canada Bread Company Acquires Stonemill Bakehouse

Canada Bread Company, Limited (“Canada Bread”), a subsidiary of Grupo Bimbo has announced that it has completed the acquisition of the total shares of Stonemill Bakehouse Limited located in Toronto, Ontario. 

Stonemill Bakehouse Limited is a leading producer of slow fermented craft breads baked in stone ovens using 100%, non-GMO certified and organic ingredients. This operation will position Canada Bread for further growth, complementing its current product portfolio and its distribution and manufacturing footprint. The acquisition includes well-positioned brands such as Stonemill. The company employs approximately 100 associates and operates one production facility in Scarborough and a store in St. Lawrence Market in Toronto.

In February, Canada Bread Company had announced plans to close its bakery in St-Côme-Linière, Quebec on May 19, 2017. Products made at the St-Côme-Linière bakery can be baked at other bakeries in Quebec where there is available capacity. 

Canada Bread had also decided moving roll-line production from its bakery in Beauport to its bakery in Vincent-Massey, which is located 10 kilometers away in Quebec City effective September, 2017.