George Weston Limited announces the purchase of ACE Bakery
01 November 2010 - 6:32PM
PR Newswire (Canada)
TORONTO, Nov. 1 /CNW/ -- TORONTO, Nov. 1 /CNW/ - George Weston
Limited ("Weston") (TSX: WN) announced today that its subsidiary,
Weston Foods (Canada) Inc. has completed the purchase of ACE
Bakery, a manufacturer and supplier of artisan and European-style
rustic bread varieties, for $110 million. W. Galen Weston, the
Chairman and President of Weston stated that "The ACE Bakery brand
is known for its quality products and will complement our existing
family of brands allowing us to better serve our customers. I would
like to welcome the ACE Bakery employees into the Weston group."
George Weston Limited is a Canadian public company founded in 1882
and through its operating subsidiaries constitutes one of North
America's largest food processing and distribution groups. Weston
has two reportable operating segments: Weston Foods and Loblaw,
which is operated by Loblaw Companies Limited. The Weston Foods
operating segment is primarily engaged in the baking industry
within North America. Loblaw is Canada's largest food
distributor and a leading provider of general merchandise,
drugstore and financial products and services. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/November2010/01/c7770.html
p align="justify"Geoffrey Wilson,br/ Senior Vice Presidentbr/
416-922-2500/p
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