PHILADELPHIA, November 9, 2010: Today, Grupo Bimbo, S.A.B. de C.V. ("Grupo Bimbo") announced that it will purchase Sara Lee Corporation's North American Fresh Bakery business for $959 million. Together, the businesses will operate 75 plants and will employ more than 28,000 associates. Morgan Lewis advised Grupo Bimbo on the labor aspects of this transaction.
The Morgan Lewis team was led by Labor and Employment partner Steven Wall and consisted of Employee Benefits partners Amy Kelly and Steven Spencer, Labor and Employment partner Michael Puma, and Intellectual Property partner James Sims, and Business and Finance partner David Harbaugh. Associates David Cohn, Ross Friedman, Gene Park, and Carley Ward assisted.
For more information about the transaction, please visit: http://www.grupobimbo.com/salaprensa/index.php?fuseaction=home.boletin&bolID=239.