July 25, 2017 7:36 AM ET

Food Products

Company Overview of Gruma Corporation

Company Overview

Gruma Corporation produces and distributes tortillas and corn flour in the United States and Europe. It offers corn and wheat tortillas and tortilla chips. The company also distributes complementary base products such as sauces and dips. It serves institutional clients, including fast food chains, casual dining, wholesalers, and supermarkets. The company was founded in 1977 and is based in Irving, Texas with production plants in Edinburg, Plainview, and Amarillo, Texas; Evansville, Indiana; Henderson, Kentucky; Madera, California; and Coventry, United Kingdom. Gruma Corporation operates as a subsidiary of Gruma S.A.B. de CV.

1159 Cottonwood Lane

Suite 200

Irving, TX 75038

United States

Founded in 1977

Phone:

972-232-5000

Fax:

972-232-5176

Key Executives for Gruma Corporation

Former Chief Executive Officer and Director
Age: 60
Chief Executive Officer of Gruma Venezuela
Age: 69
Chief Operating Officer of Gruma´s Mexican Operations and Member of the Executive Board
Age: 53
Chief Corporate Officer, Senior Corporate Controller, Member of the Executive Board and Director
Age: 67
Chief Procurement Officer
Age: 67
Compensation as of Fiscal Year 2017.

Gruma Corporation Key Developments

Gruma Corporation Reports Earnings and Operating Results for the Third Quarter Ended September 30, 2015

Gruma Corporation reported earnings and operating results for the third quarter ended September 30, 2015. For the quarter, the company reported net sales grew 3% to MXN 9,909 million. Net sales rose at a lower rate than sales volume principally because of the depreciation of European currencies and, to a lesser extent, lower corn flour prices following price reductions implemented in October 2014. Operating income surged 24% to MXN 1,126 million and operating margin rose to 11.4% from 9.4%, which came from the U.S. operations, in particular the tortilla business. EBITDA increased 18% to MXN 1,435 million. For the quarter, the company reported sales volume rose 6% to 441,000 metric tons. The volume increase was driven by both the U.S. and European operations.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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