Canada Bread buys Stonemill Bakehouse
TORONTO — Canada Bread Company, Limited has announced the acquisition of Stonemill Bakehouse Limited.
Based in Toronto, Stonemill Bakehouse is a producer of slow fermented craft breads baked in stone ovens using 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.
Stonemill employs about 100 associates and operates one production facility in Scarborough and a store in St. Lawrence Market in Toronto.
Canada Bread, a subsidiary of Grupo Bimbo since May 2014, is a producer and distributor of packaged fresh bread and bakery products with brands such as Dempster's, Villaggio, POM, Bon Matin, Ben's, McGavins and Vachon. In business for more than a century, Canada Bread operates 18 bakeries and has a workforce of about 4,225 people across Canada.