Tuesday, March 23, 2021

Weston Foods is for sale

Weston Foods is for sale, announced Galen G. Weston, company president and chief executive officer of its holding company, George Weston Ltd.

Weston Foods produces bread, rolls and other baked goods in Canada and the U.S. and had $2.1 billion in sales in 2020. It’s largest Ontario bakery is in Kitchener.

In connection with the sale, the company also announced the retirement of Loblaw president Sarah Davis, effective May 6.

Davis will be succeeded by Galen G. Weston, who will return to his role as chairman and president at Loblaw in addition to his current job as chairman and chief executive officer at George Weston.

Weston Bakery and Grupo Bimbo of Mexico dominate the bread market in Ontario. Bimbo bought Canada Bread from Maple Leaf Foods Inc. in 2014.