Closing of the sale of its Weston Foods Ambient Business TORONTO, Dec. 29, 2021 /CNW/ - George Weston Limited ("George Weston" or the "Company") (TSX: WN) today announced the closing of the previously announced sale of its Weston Foods ambient bakery business to affiliated entities of Hearthside Food Solutions, LLC ("Hearthside").
With the sale of the ambient bakery business to Hearthside, and the previously announced completed sale of the fresh and frozen bakery businesses, George Weston has now sold its entire bakery business and will focus on its Retail and Real Estate businesses going forward.
About Weston Foods' Ambient Bakery Business
The Weston Foods ambient bakery business comprises a leading North American manufacturer, serving retail and foodservice customers with cookies, crackers, cones and wafers in Canada and the United States.
About George Weston Limited
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 Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. Choice Properties owns, manages and develops a high-quality portfolio of commercial retail, industrial, office and residential properties across Canada.
www.weston.ca
About Hearthside
Headquartered in Downers Grove, Illinois, Hearthside Food Solutions is a leading contract manufacturer and producer of baked foods, snacks, nutrition bars, frozen, refrigerated, and fresh sandwiches/entrees as well as a full-service provider of food packaging services for many of the world's premier brands. Prior to the Weston Foods acquisition, Hearthside's network included 37 food production facilities, including four in Europe, with a workforce of 12,000. For more information on Hearthside Food Solutions, visit www.hearthsidefoods.com.