George Weston Limited announced the closing of the previously announced sale of its Weston Foods ambient bakery business to affiliated entities of Hearthside Food Solutions, LLC. …
George Weston Limited (“George Weston” or the “Company”) (TSX: WN) today announced that it has signed a definitive agreement to sell the Weston Foods ambient bakery business to affiliated entities of Hearthside Food Solutions, LLC (“Hearthside”) for aggregate cash consideration of CAD$370,000,000. …
George Weston Limited announced that it has signed a definitive agreement to sell its Weston Foods fresh and frozen bakery businesses to affiliated entities of FGF Brands Inc. (“FGF”) for aggregate cash consideration of $1.2 billion. …
“In light of George Weston’s strategic decision to focus on retail and real estate which was announced today, Sarah and I agreed that now is the right time for her to pursue her plans for an early retirement, which she first shared with me upon becoming President in 2017,” said Galen G. Weston. …
Despite its position as a leading North American bakery, Weston Foods remains a small part of GWL’s overall value. In the absence of attractive opportunities to increase its relative scale within the Company, the Board believes that a sale represents the best opportunity to unlock its growth potential. …
© Copyright 2021 | Phoenix Media Network | All Rights Reserved | Terms of Service | Privacy Policy