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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Tags:
bimbo
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Comments 23 New Comment

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Rainmaker
706,771
Juli Vosmik
Scottsdale/Cave Creek, AZ real estate 480-710-0739
Dominion Real Estate Partners, LLC, Scottsdale, AZ

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

November 09, 2010 10:44 AM
Ambassador
716,652
Mike Jones
Mike Jones NMLS 223495
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

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

November 09, 2010 11:22 AM
Ambassador
832,303
Connie Harvey
Realtor - Nashville TN Real Estate
Pilkerton Realtors

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

November 09, 2010 05:17 PM
Rainmaker
255,143
Tim Bradley
Commercial Real Estate Expert in Jackson Hole, WY
Contour Investment Properties

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. ;)

November 09, 2010 11:16 PM
Ambassador
2,368,078
Patricia Kennedy
For Your Home in the Capital
Evers & Company Real Estate, Inc.

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.

November 10, 2010 10:25 AM
Ambassador
1,010,201
Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

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!

November 11, 2010 07:05 AM
Rainmaker
711,204
Will Nesbitt
Nesbitt Realty is a family-run brokerage.
Nesbitt Realty at Condo Alexandria

Wow those digits? 

November 14, 2010 09:01 AM
Ambassador
745,997
Steve Shatsky
Dallas Real Estate & Short Sale Specialist (214)213-0340
Prudential Texas Properties

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.

November 15, 2010 12:46 AM
Rainmaker
1,565,558
Debbie Gartner
The Flooring Girl - Westchester hardwood flooring
Floor Coverings International Westchester NY & Stamford CT

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

November 15, 2010 05:34 AM
Rainmaker
1,565,558
Debbie Gartner
The Flooring Girl - Westchester hardwood flooring
Floor Coverings International Westchester NY & Stamford CT

Oh, and yes, they may on Long Island.

November 15, 2010 05:35 AM
Ambassador
896,941
Andrea Swiedler
Realtor, Southern Litchfield County CT
Berkshire Hathaway HomeServices New England Properties

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??????

November 15, 2010 06:59 AM
Ambassador
1,502,021
Ed Silva
Central CT Real Estate Broker Serving all equally
RE/MAX Professionals, CT 203-206-0754

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.

November 15, 2010 08:06 AM
Anonymous #16
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!

November 15, 2010 08:24 AM
Rainer
125,900
Janine Boulay-Seibert
Real Estate Broker, Franklin, NC
Seibert Properties

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

November 15, 2010 12:16 PM
Rainer
421,810
Peggy Chirico
REALTORĀ® 860-748-8900, Hartford & Tolland County Real Estate
Prudential CT Realty

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

November 15, 2010 01:48 PM
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716,652
Mike Jones
Mike Jones NMLS 223495
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

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

November 16, 2010 06:50 AM
Rainmaker
41,734
Teri Deane
Central Maryland Realtor, ABR, CDPE, CRS, SFR
RE/MAX 100

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

November 16, 2010 06:02 PM
Ambassador
1,722,985
Barbara-Jo Roberts Berberi & Corinna Birgit Cromartie
Palm Harbor & Dunedin FL Residential Real Estate
Charles Rutenberg Realty

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

November 20, 2010 05:42 PM
Rainmaker
974,405
Michael J. Perry
Lancaster Relo Specialist
RE/MAX Associates of Lancaster, PA.

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 ????

November 23, 2010 12:57 PM
Ambassador
716,652
Mike Jones
Mike Jones NMLS 223495
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

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

November 23, 2010 06:03 PM
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Mike Jones

Mike Jones NMLS 223495
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