# Grupo Bimbo to acquire Modern Food Enterprises in India

Grupo Bimbo, a Mexican bakery company, has proposed to acquire 100% of Modern Food Enterprises Private Limited from Everfoods Asia Pte. Ltd. The acquisition will give Grupo Bimbo a foothold in the Indian bread and bakery segment.

- Type: Acquisition
- Announced: 2021-02-24
- Where: India
- Status: announced
- Products: bread, bakery products
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Grupo Bimbo](https://endata.com/companies/9408.md) (acquirer)
- [Modern Food Enterprises Private Limited](https://endata.com/companies/53438.md) (target)
- [Everfoods Asia Pte. Ltd.](https://endata.com/companies/53439.md) (investor)

## Sources

- [jsalaw.com](https://www.jsalaw.com/deals-matter/acquisition-of-100-share-capital-of-modern-food-enterprises-private-limited-by-grupo-bimbo/), 2021-02-24: "With the proposed transaction, Grupo Bimbo will have a strong foothold in the Indian bread and bakery segment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.