This transaction was carried out with an investment of 95.3 million dollars for all shares.
The national chocolate group of Colombia has reached an agreement with the Mexican Nutres to buy all the shares of this company for 95.3 million dollars, they announced in the newspaper Universal.
The acquisition was agreed on Wednesday and will be formalized after approval by Mexico’s Federal Competition Commission (Cofeco), reported Nacional de Chocolates, which predicts the transaction could close at the end of next February.
The Colombian chocolate group explained in a statement that the purchase of Nutresa will allow it to strengthen its presence in a region that is strategic for it and that “includes Mexico as one of the most attractive markets.”
“The acquisition will represent a full entry into the said market,” the source added, indicating that “in addition, its product portfolio will complement the existing one in other countries where it is present, and its production platform will add competitiveness to the Veena Group in Mexico.” , United States, Central America and the Caribbean”.
The company Nutresa, based in the metropolitan area of Mexico City, produces and sells chocolate candies, of which it sold 49.3 million dollars in 2008, part of which was exported to the USA, Central America and the Caribbean.