Some details of the deal:
- Grupo Bimbo will pay Sara Lee $959 million USD for its bakery division
- All of Sara Lee bakery units 13,000 employees will be transferred over to Bimbo and it is reported that no domestic employees will lose their jobs.
- The deal includes 41 US plants and the rights to the Sara Lee brand in fresh baked goods globally, excluding Western Europe, Australia and New Zealand.
- Bimbo's 2009 revenue was $8.6 billion USD
- The deal is expected to finalize in the first part of 2011