Management continued to divest non-core assets through the decade as it shifted the company's focus to earnings rather than sales growth. In 1978, both George Weston Limited and Loblaw Companies Limited returned to profitability and two years later Weston's reported record earnings of $76 million on revenue of $6 billion. Once again, the company was in a position to make acquisitions and purchased Stroehmann Brothers of Pennsylvania, a baker of bread and rolls, for $32 million. George Weston Limited next made a well publicized bid to acquire controlling interest in the Hudson's Bay Company, with its diverse array of retail, resource and real estate holdings, in 1979. But as a bidding war ensued with the Ken Thomson and family, Galen Weston walked away from the process, noting that it would have cost "another $150 million to bump our offer up again" and had simply become too expensive.