M&A Deal Summary

Gruma Acquires Casa de Oro Foods

On August 25, 2011, Gruma acquired food company Casa de Oro Foods from Plaza Belmont Management Group for 20M USD

Acquisition Highlights
  • This is Gruma’s 1st transaction in the Food sector.
  • This is Gruma’s largest (disclosed) transaction.
  • This is Gruma’s 1st transaction in the United States.
  • This is Gruma’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2011-08-25
Target Casa de Oro Foods
Sector Food
Buyer(s) Gruma
Sellers(s) Plaza Belmont Management Group
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Casa de Oro Foods

Omaha, Nebraska, United States
Casa de Oro Foods LLC is a manufacturer of flour tortillas for food service customers in the rapidly growing Mexican food segment.

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Buyer(S) 1

Buyer

Gruma

San Pedro Garza García, Mexico
Category Company
Founded 1949
Sector Food
Employees24,759
Revenue 6.6B USD (2023)
DESCRIPTION

Gruma is a provider of corn and flour tortilla production worldwide, and a producer of wheat flour and its derivatives such as flatbreads, wraps, naan, pita bread, chapatti, and pizza bases plus other food products, such as rice, snacks, pastas, condiments and palm hearts. Gruma was founded in 1949 and is based in San Pedro Garza García, Mexico.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Plaza Belmont Management Group

Category Private Equity Firm
Founded 1998
PE ASSETS 54M USD
Size Small
Type Sector Focused
DESCRIPTION

Plaza Belmont Management Group is a private equity investor focused on the food industry. The Firm targets companies that manufacture unique or value added food ingredients or products distributed through the retail grocery or food service channels or companies that co-manufacture products for major food companies. Plaza Belmont Management Group was formed in 1998 and is based in Shawnee Mission, Kansas.

DEAL STATS #
Overall 6 of 8
Sector (Food) 6 of 7
Type (Add-on Acquisition) 4 of 6
State (Nebraska) 2 of 2
Country (United States) 6 of 8
Year (2011) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 MaMa Rosa s Pizza

Sidney, Ohio, United States

MaMa Rosa's Pizza LLC is a provider of refrigerated pizza products under the Mama Angelina’s, Old Italian and Lean Lifestyle brands. MaMa Rosa’s sells refrigerated pizza’s–not frozen, can be found in the deli/meat or dairy section of a grocery store.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-17 Labriola Baking

Alsip, Illinois, United States

Labriola Baking Co. is a manufacturer of fresh and frozen artisan breads. Labriola Baking Co. was established in 1993 and is based in Alsip, Illinois.

Buy -
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