Mexico City-based Bimbo bought the U.S. baked-goods operations of Weston Foods taking over 22 industrial bakeries and 4,000 distribution routes.
A new kind of Mexican immigrant is making it big in the USA: huge Mexican corporations that are snapping up U.S. brand names, opening U.S. factories and investing millions of pesos north of the border. From Thomas’ English Muffins to Borden milk, Saks Fifth Avenue department stores to The New York Times newspaper, Mexican investors have taken advantage of low interest rates and depressed prices during the economic downturn to expand their holdings in el norte.
Continue reading… “Mexican Investments in U.S. Create Jobs, Taking Over U.S. Brands”