Tranche Update on Grupo Herdez, S.A.B. de C.V. (BMV:HERDEZ *)'s Equity Buyback Plan announced on April 21, 2022.
October 19, 2022
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From July 1, 2022 to September 30, 2022, the company has repurchased 4,354,002 shares, representing 1.27% for MXN 129.62 million. With this, the company has completed the repurchase of 12,239,195 shares, representing 3.52% for MXN 355.2 million under the buyback announced on April 21, 2022.
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. 
