Grupo Herdez, S.A.B. de C.V. (BMV:HERDEZ *) acquired GASTRONOMICA ALGODÓN SUAVE, SA DE CV for MXN 200 million.
February 27, 2020
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Grupo Herdez, S.A.B. de C.V. (BMV:HERDEZ *) acquired GASTRONOMICA ALGODÓN SUAVE, SA DE CV for MXN 200 million on November 29, 2019. In a related transaction, Grupo Herdez acquired Cielito Querido Café for MXN 280 million.
Grupo Herdez, S.A.B. de C.V. (BMV:HERDEZ *) completed the acquisition of GASTRONOMICA ALGODÓN SUAVE, SA DE CV on November 29, 2019.
Grupo Herdez SAB de CV is a Mexico-based company engaged in the food processing sector. The Company's activities are divided into two business segments: Food and Frozen. The Food division focuses on the manufacture and distribution of canned and packed food products in Mexico and the United States. Its offer includes burritos, canned vegetables, guacamole, home-style salsa, honey, jam, ketchup, mayonnaise, mole, mustard, organic food, pasta, spices, tea, tomato puree and tuna, among others. It sells products through a number of brand names, such as Aires de Campo, Barilla, Bufalo, Chi-Chi's, Del Fuerte, Don Miguel, Dona Maria, Embasa, Herdez, La Victoria, McCormick, Wholly Guacamole and Yemina. In addition, it has distribution agreements in Mexico for GoGoSqueez, Kikkoman, Ocean Spray, Reynolds and Truvia products. The Frozen division is responsible for the manufacture and distribution of frozen yogurts and ice creams under the Nutrisa and Helados Nestle brand names.
GRUPO HERDEZ, S.A.B. DE C.V. 
