BIMBO In Bed With Sara Lee!

By
Mortgage and Lending with SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

Bimbo Logo: Mike in Tucson, Mortgage LenderMoving from New Jersey to Tucson, AZ a dozen years ago was a culture shock.

In Tucson, as contrasted with my NJ experience,

  1. rivers have no water in them most of the time.
  2. people at WalMart dance joyously in the rain at the beginning of the monsoon season instead of running frantically for the shelter of their cars.
  3. the summer work day for construction workers begins at 3:00 a.m. (a shock when there's a house being built next door)
  4. and bread is labeled BIMBO!

If you don't live near the Mexican border, you may not know that Mexico's BIMBO (Grupo Bimbo, SAB) is the world's largest bread maker.

You will no doubt recognize some of the BIMBO brands, though...

  • Thomas's English Muffins
  • Entenmann's cakes and pastries
  • Mrs. Baird's breads

...and now...

  • Sara Lee's North American bakery business, for which BIMBO paid nearly one billion dollars.  Included in the sale are 41 plants and 13,000 employees.

Real Estate Connection

13,000 employees?  No doubt, some of them are management.  Expect a shake-up there.  It might provide you with some real estate business you hadn't anticipated.

____________________

I'm Mike in Tucson, your preferred Tucson Mortgage Lender.

NMLS #223495

SUNSTREET MORTGAGE llc ~ Correspondent Mortgage Bank
Offices (AZ) Mesa, Tucson, Nogales, and Albuquerque, NM.

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Rainmaker
725,164
Juli Vosmik
Dominion Real Estate Partners, LLC, Scottsdale, AZ - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Wow, I missed that story, about the buyout.  Hey, I know some great agents in Tucson I can refer you to, LOL. 

Nov 09, 2010 10:44 AM #4
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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Juli,

Tell your Mom I said "Hi!"  :)

Suzanne,

Do they have a plant or a distribution point in Austin?  Google could tell you...

Trish,

LMKO!

Donna,

I'm pretty sure that they will have management in the NYC area, and you're not that far away...

Mike in Tucson

Nov 09, 2010 11:22 AM #5
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Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Mike, love the title!!! What?? no more Sara Lee? I can't imagine. I'd never even heard of Bimbo. Go figure. :)

Nov 09, 2010 05:17 PM #6
Rainmaker
256,793
Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

Hi Mike,

I lived near a Wonder Bread bakery in Dallas for years. One day, it became a BIMBO bakery. The tarts smelled the same though. ;)

Nov 09, 2010 11:16 PM #7
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Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Mike, Binbo bakeries?  I love Entenmans's and Thomas' English Muffins!  And if Wonder Bread tasted as great as it smells in the bakery, I might eat the stuff.

Nov 10, 2010 10:25 AM #8
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Harry F. D'Elia
Precision Real Estate Inc. - Phoenix, AZ
Investor , Mentor, CSSN, Radio Coach, REOs, ABR

That is a lot of dough in my opinion. Yes, the word BIMBO means something else on the East Coast. Thanks for the heads up on this one. Amazing!

Nov 11, 2010 07:05 AM #9
Rainmaker
768,782
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Wow those digits? 

Nov 14, 2010 09:01 AM #10
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Steve Shatsky
Prudential Texas Properties - Dallas, TX
Dallas Real Estate & Short Sale Specialist (214)213-0340

Hi Mike... Mrs. Baird's bread and cinnamon rolls (a Texas company) has never been quite the same to me since they were purchased by Bimbo.  Interestingly, the former Mrs. Baird's bakery in Dallas will soon be the site of the G.W. Bush prsidential library.

Nov 15, 2010 12:46 AM #11
Rainmaker
1,678,083
Debbie Gartner
Floor Coverings International - Westchester NY & Stamford CT - White Plains, NY
The Flooring Girl - Westchester hardwood flooring

Very interesting.  I had no idea.  I think one of my cousins was the Brand manager for Thomas's English muffins.

Nov 15, 2010 05:34 AM #12
Rainmaker
1,678,083
Debbie Gartner
Floor Coverings International - Westchester NY & Stamford CT - White Plains, NY
The Flooring Girl - Westchester hardwood flooring

Oh, and yes, they may on Long Island.

Nov 15, 2010 05:35 AM #13
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Mike, thanks to Pat Kennedy for sending me here. What a great title for a post, very creative I have to say. Nope, I can be assured that these 2 now being in bed together will not affect my real estate, but it should be good for those of you who live around Bimbo!

That is a very funny name, LOL. That is one where people will say... what were they thinking? without knowing they are from another country. But what were they thinking??????

Nov 15, 2010 06:59 AM #14
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Mike, what could you expect BIMBO to pay for SaraLee, after all hasn't it always been known that 'Nobody doesn't like Sara Lee!'  That is still on very expensive coffee cake.

Nov 15, 2010 08:06 AM #15
Anonymous
Anonymous
Anonymous

Hey, Mike, what exit?  I've lived in 2 NJ areas where we don't have highways with exit numbers so I'm just joshing!

Nov 15, 2010 08:24 AM #16
Rainer
128,610
Janine Boulay-Seibert
Seibert Properties - Franklin, NC
Real Estate Broker, Franklin, NC

OMG, Sara Lee is now a Bimbo. This has been the year of the merger. Thanks for the post, never heard of bimbo bread.

Nov 15, 2010 12:16 PM #17
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Peggy Chirico
Prudential CT Realty - Manchester, CT
REALTORĀ® 860-748-8900, Hartford & Tolland County Real Estate

Mike, I had no idea either.  It's fun to read about these companies--thanks for the info.

Nov 15, 2010 01:48 PM #18
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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

All,

Thanks for your thoughtful comments!

@Jeanine, your comment would have made a great title for this blog: "OMG, Sara Lee is now a Bimbo."  LOL

Mike in Tucson

Nov 16, 2010 06:50 AM #19
Rainmaker
42,120
Teri Deane
RE/MAX 100 - Columbia, MD
Realtor, ABR, CRS, SFR - The Deane Team

Bimbo?  Who knew?  Just goes to show how one's perspective can change.

Nov 16, 2010 06:02 PM #20
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Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Charles Rutenberg Realty - Palm Harbor, FL
Palm Harbor & Dunedin FL Residential Real Estate

Well, Bimbo would have to be in bed with somebody, so why not Sara Lee - how do you think of these things???

Nov 20, 2010 05:42 PM #21
Rainmaker
1,018,525
Michael J. Perry
RE/MAX Associates of Lancaster, PA. - Lancaster, PA
Lancaster Relo Specialist

Had no idea who they were until reading your post !!! Hey did I see where Tucson is getting a Triple A baseball team next season ????

Nov 23, 2010 12:57 PM #22
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Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Michael,

Yes we are!  I don't know how long it will last, though.  Our town council has a way of driving good businesses away from Tucson.

Barbara-Jo,

I look at a photo, and the ideas start coming one right after the other.  LOL

Teri,

Thanks for stopping by to comment.

Mike in Tucson

Nov 23, 2010 06:03 PM #23
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