Grupo Nutresa

Grupo Nutresa S.A.
Sociedad Anónima
Traded as BVC: NUTRESA
Industry Food processing
Founded 1920
Headquarters Medellín, Colombia
Key people
 Carlos Enrique Piedrahita, (Chairman & CEO)
Products Coffee
chocolate
Ice Cream
Pasta
Biscuit
Processed Meat
Revenue Increase US$ 2.9 billion (2012)[1]
Increase US$ 195.2 million (2012)
Number of employees
 31,650[2]
Website www.nutresa.com

Grupo Nutresa formerly Grupo Nacional de Chocolates S.A.[3] (English: National Chocolates Group) is a food processing conglomerate headquartered in Medellín, Colombia.[3]

The group's principal activity is operating the food industry with focus on producing, distributing and selling cold cuts, biscuits, chocolates, coffee, ice cream and pasta.[3] The company markets its products under approximately 70 different brands in 65 countries.[4] Other activities include the investment or application of resources or cash under whatever form authorized by law and the exploration of the metal-mechanic and packaging industry.

In 2004, the group began their international expansion, acquiring several companies in Central America and the Caribbean. As of 2008, the Grupo Nacional de Chocolates continue expanding and consolidating their presence in the region. The market value of the company grew by a factor of 25 in the decade leading up to 2010 (to US$6 billion).[1] Though originally a chocolatier, the sale of chocolates contributed only 19% to sales in 2010.[5]

Company history

Formation of the group

In 1916, Fábrica de Galletas y Confites—a company making biscuits (cookies and crackers) and confectionery—was set up in Medellin, Colombia.[2] In 1925, the company changed its name to Fábrica de Galletas Noel S.A. and again in 1999 to Compañía de Galletas Noel S.A. In 1920, a chocolate-processing company under the name of Compañía Nacional de Chocolates Cruz Roja was founded and later changed its name to Compañía Nacional de Chocolates, S.A. In 1933 this chocolate company bought an interest in the biscuit company paving the way for the formation of the conglomerate. From 1933 to 1958, the group continued to consolidate its distribution network resulting in strengthened national presence and corporate image.[2]

In the business of coffee

In 1933 the "Sello Rojo" (EN: Red Label) brand was created when the company entered the coffee business.[2] In 1950, with the boom of the coffee industry, Compañía Colombiana de Café S.A.- Colcafé, was created and soon become an important Colombian export company. The first export of any company of the group was in 1961—coffee to Japan.[2]

International expansion

In 1993, the confectionery company, Compañía Dulces de Colombia S.A. was set up. In 1995, the Organization’s trading companies were established abroad forming what is known today as the Cordialsa network, first in Ecuador and second in Venezuela. The company also made its first investment abroad and expanded its meat-processing business with Industrias Alimenticias Hermo de Venezuela S.A.[2] In 1999, the Organization spun off two of its companies, Noel and Zenú.

In 2003, the holding company Inversiones Nacional de Chocolates S.A. came into being, with important interests in chocolate and coffee businesses as well as the Organization’s food investment company Inveralimenticias (that has holdings in the meat, cookie and confectionery business). In 2004, the organization began expanding into Central America and the Caribbean through the purchase of Nestle’s cookie and chocolate plants in Costa Rica. In 2006, the Organization changed its name to Grupo Nacional de Chocolates S.A. On 1 February 2007, Grupo Nacional de Chocolates purchased Peruvian company Good Foods S.A. and the Winter's brand for US$36 million through its Peruvian subsidiary Compañía Nacional de Chocolates de Perú S.A..[6]

Image change

On March 31, 2011 the company changed its name to Grupo Nutresa in a move made to emphasize the diversity of its products that now includes pasta and cold cuts.[1]

Strategy

The company mission is to progressively create value, obtain an outstanding return on investment and surpass the cost of employed capital. The organization seeks to improve consumers’ quality of life and the progress of employees.

See also

Websites

References

  1. ↑ 1.0 1.1 1.2 "Grupo Nacional de Chocolates S.A. going forward, will be Grupo Nutresa S.A.". 2011-03-31.
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 http://www.gruponutresa.com/es/webfm_send/281
  3. ↑ 3.0 3.1 3.2 http://www.grupochocolates.com/en/content/grupo-nacional-de-chocolates-sa-going-forward-will-be-grupo-nutresa-sa
  4. ↑ http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=NUTRESA:CB
  5. ↑ "Grupo Nutresa - Chocolates". Retrieved 2011-06-06.
  6. ↑ Cardona Martínez, Uriel, Grupo Chocolates Compro a Good Foods en Peru (in Spanish), retrieved 25 January 2011