Gruma acquires Albuquerque Tortilla Co.

by Eric Schroeder
Share This:

MONTERREY, MEXICO — Gruma S.A.B. de C.V. has acquired the tortilla production assets, inventories, brand and customer list of the Albuquerque Tortilla Co. for $8.8 million. Based in Albuquerque, N.M., Albuquerque Tortilla Co. sells wheat flour tortillas, and to a lesser extent, corn flour tortillas, under the Albuquerque Tortilla brand. The company had sales of $14 million in 2010.

“This acquisition will expand and strengthen Gruma’s tortilla business in the United States through a solid and recognized brand in the south-central region of the country, and is part of a strategy to take advantage of opportunities and synergies in the United States, the most important market in the world for Gruma today,” Gruma said.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.