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Current Position:Home » News » Processed Foods » Sweets & Desserts » Topic

Mexican food firm Herdez to buy Nutrisa for $245 million

Zoom in font  Zoom out font Published: 2013-04-27  Origin: Reuters  Authour: Dave Graham  Views: 41
Core Tip: Mexican processed foods company Grupo Herdez said Friday it would pay 2.98 billion pesos ($245 million) to buy Nutrisa, a frozen yogurt and food supplement chain.
Mexican processed foods company Grupo Herdez said Friday it would pay 2.98 billion pesos ($245 million) to buy Nutrisa, a frozen yogurt and food supplement chain.

Grupo Herdez (HERDEZ.MX) said it would pay 91 pesos a share for 100 percent of Nutrisa, which reported sales of 1.14 billion pesos ($93.70 million) during the whole of last year.

Herdez had already said it would purchase 67 percent of Nutrisa (NUTRISA.MX) for 91 pesos a share and that it would make an offer for the remaining third of the company.

 
 
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