Reuters – A Grupo Bimbo subsidiary has agreed to buy the bakery division of Canada’s Saputo Inc. for $103.38 million subject to conditions, including the approval of Canada’s Competition Bureau.
Sentido Comun – The Santa Fe Hotel Group has completed the purchase of a full service hotel in Cancun that will become the first to be managed under its new brand Krystal Urban, which focuses on the business sector.
Sentido Comun – Fibra Inn has completed the purchase of two limited-service hotels in Chihuahua and Toluca, which operate under Wyndham’s Microtel Inn & Suites brand.
Sentido Comun – Constellation Brands, the largest producer and distributor of Grupo Modelo beer brands, struck a deal with Owens Illinois to acquire and operate a glass plant in Nava , Coahuila, currently owned by Anheuser-Busch InBev.
Milenio – Grupo Lala has acquired the assets of Eskimo and its subsidiaries in several countries in Central America, significantly expanding its business and operations in that region.
Bloomberg – Grupo Mexico is in negotiations to buy a 20 percent stake as the first step to take control of the company, newspaper Gestion said, without naming its sources.