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Oct 26, 2021 · "The Weston Foods business has been the foundation for the Weston Group in Canada since its establishment in 1882 and the decision to sell it was a difficult one" said Galen G. Weston, the Company ...
Oct 26, 2021 · Source: George Weston Ltd. 10.26.2021. By Eric Schroeder. TORONTO — FGF Brands Inc., which describes itself as “a technology company that bakes,” has reached an agreement to acquire the ...
Dec 10, 2021 · George Weston Limited is a Canadian public company founded in 1882. The Company operates through its two reportable operating segments, Loblaw Companies Limited and Choice Properties Real Estate ...
Dec 9, 2021 · FGF Brands Inc. completed the acquisition of Weston Foods Fresh and Frozen Bakery Businesses of George Weston Limited (TSX:WN) for CAD 1.1 billion on December 10, 2021. Prior to closing, purchase price was revised, including an adjustment to the working capital provisions as a result of seasonal fluctuations in inventory and accounts receivable.
George Weston Limited, often referred to as Weston or Weston's, is a Canadian holding company. Founded by George Weston in 1882, the company today consists of the Choice Properties real estate investment trust and Loblaw Companies Limited , Canada's largest supermarket retailer, in which it maintains a controlling interest .
Oct 26, 2021 · 10.26.2021. By Eric Schroeder. TORONTO — FGF Brands Inc., which describes itself as “a technology company that bakes,” has reached an agreement to acquire the Weston Foods fresh and frozen bakery businesses of George Weston Ltd. for $1.2 billion. The purchase price represents approximately a 10x multiple on the 2021 estimated EBITDA of ...
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Dec 9, 2021 · On October 26, 2021, George Weston Limited ("George Weston") announced that it signed a definitive agreement to sell its Weston Foods fresh and frozen bakery businesses to affiliated entities of FGF Brands Inc. ("FGF"). Closing of the C$1.1 billion transaction was announced on December 10, 2021.
