Grupo Nutresa buys corrugated maker Empaques Industriales de Colombia

Colombian food group Grupo Nutresa has acquired 100% of Empaques Industriales de Colombia, a Bogota-based manufacturer of corrugated cardboard packaging and related supplies. The company said completion remains subject to customary closing conditions. The deal follows Nutresa's recent additions of the Helados Tio Rico brand in Venezuela and the Mimo's ice cream chain.

Why this mattersVertical integration by a Colombian food group takes corrugated volume in-house and removes a supplier from the regional merchant market.

• Grupo Nutresa acquired 100% of Empaques Industriales de Colombia.
• The target makes corrugated cardboard packaging and related supplies, based in Bogota.
• Closing remains subject to customary conditions.
• Nutresa is controlled by Jaime Gilinski's Grupo Gilinski following the breakup of the GEA conglomerate.
• Nutresa recently added the Helados Tio Rico brand in Venezuela and acquired the Mimo's ice cream chain.

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