President: Bimbo Bakeries on track after Sara Lee purchase

07/26/2013 | BakingBusiness.com

Fred Penny, president of Bimbo Bakeries USA, said the company is on track to meet profit goals set in 2010, when it purchased Sara Lee's bakery business. "We're prepared to compete going forward in the new market structure that we're going to have," he said of the return of the Hostess bread and snack cake brands.

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