February 3, 2012
Acquisition
Plaza Belmont Fund II LLC, majority owner and leading middle-market
private equity firm, has sold the tortilla-production assets of Casa
de Oro Foods LLC, Omaha, NE, to GRUMA Corporation, a subsidiary of
Mexican GRUMA, S.A.B. de C.V., for US$20 million. GRUMA also acquired
the inventories, brand, and customer list related to Casa’s tortilla
business. Casa manufactures wheat flour tortillas for leading
foodservice companies, processed food companies, and retailers in the
United States and Canada under Casa owned and licensed brand names as
well as private label brands. This acquisition will expand and
strengthen GRUMA’s tortilla business in the United States and is part
of a strategy to take advantage of opportunities and synergies in the
United States.
www.gruma.com/ving/nuestrasemp/nuestras_empresas-grumacorp.asp
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Expansion
Barilla has announced the launch of the Barilla Center for Food &
Nutrition (BCFN) in the United States. BCFN was initially founded in
2009 in Italy as an international multidisciplinary resource center on
topics related to food, nutrition, the environment, and food security,
as well as related issues such as economics, medicine, and sociology.
BCFN is working to address these topics through the development of
concrete research and findings for government leaders and policymakers
around the world to use as a relevant and meaningful resource.
www.barillacfn.com/en
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