Grupo Bimbo Acquires a New Bread Factory in Romania

Grupo Bimbo has bolstered its Romanian presence with the acquisition of Karamolegos Bakery Romania. This follows the group’s 2023 entry into the market via its purchase of Vel Pitar.

“We confirm the acquisition of Karamolegos Bakery România by Grupo Bimbo, through Vel Pitar. This strengthens our local group of companies and drives new initiatives to fulfil our global mission of nourishing a better world—by working with skilled bakery professionals, our colleagues both existing and new, and by maintaining a relentless focus on the superior quality of the products we offer our consumers. Karamolegos enjoys a well‑established reputation in the Romanian packaged‑bread segment and a valued brand whose product range fans will continue to find on the shelves. Our management team is currently focused on ensuring continuity and on executing an integration process that benefits both our people and our business,” said Ionuț Ilie, General Manager of Bimbo Romania, to local retail magazine Progresiv.

Located in Ilfov, on the outskirts of Bucharest, Karamolegos Bakery Romania specialises in a variety of packaged breads for the retail sector. The business forms part of Karamolegos Bakery KB, which traces its origins back to Santorini, Greece, where it was established in 1950.

ChatGPT said:Grupo Bimbo has bolstered its Romanian presence with the acquisition of Karamolegos Bakery Romania. This follows the group’s 2023 entry into the market via its purchase of Vel Pitar. Details of the transaction were confined to a single line in Grupo Bimbo’s latest financial results, with no further commentary 

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