MATTOON — Conagra Brands has sold Lender’s Bagels and its Mattoon bagel factory to Bimbo Bakeries USA, Inc., a business unit of Mexico City-based Grupo Bimbo.
Chicago-based Conagra announced the divestiture earlier this month in a press release on its corporate website, with the transaction including “the Lender’s brand and related intellectual property, the production facility in Mattoon, Ill., and inventory.” The factory is located at 3801 DeWitt Ave. in Mattoon.
Forbes subsequently reported that Conagra CFO David Marberger expects the Lender’s transaction to close during the third quarter of fiscal year 2020. Forbes reported that Conagra had acquired Lender’s, a refrigerated and frozen bakery business, as part of its $10.9 billion acquisition of Pinnacle Foods in 2018. Conagra reportedly has sold Lender’s to Grupo Bimbo for an undisclosed sum.
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