Grupo Bimbo has acquired popcorn producer Popcornopolis and Indian bread manufacturer Kitty Bread.
Popcornopolis is a manufacturer and marketer of ready-to-eat popcorn snacks in the US. Grupo Bimbo’s US snack division Barcel USA has acquired the brand from private equity firm NexPhase Capital for an undisclosed sum.
“We have only scratched the surface of the potential of this brand, and we are excited to introduce more consumers to our wildly delicious, indulgent popcorn as part of Barcel USA’s leading snack platform,” said Danny Simon, CEO of Popcornopolis.
Jamie Kaufman, a partner at NexPhase, added: “We are proud to have been a part of Popcornopolis’ remarkable growth over the past two years”.
“With Popcornopolis’ focus on quality, innovation and omnichannel sales, the brand will be an excellent addition to Barcel USA’s impressive snack portfolio.”
Meanwhile, Grupo Bimbo has acquired Kitty Bread – which produces white, brown, whole wheat and fruit bread in northern India – in a move to strengthen its position in the country.
© FoodBev Media Ltd 2023
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial