Grupo Nacional de Chocolates
Encyclopedia
Grupo Nutresa formerly Nacional de Chocolates S.A.
(English: National Chocolates Group) is a food processing conglomerate headquartered in Medellín, Colombia.
The group's principal activity is operating the food industry with focus on producing, distributing and selling chocolates; roasted and milled coffee; cereals; pasta; meat; food for human and animal consumption; sausages; candies; sugar; honey; and crackers. 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). Though originally a chocolatier, the sale of chocolates contributed only 19% to sales in 2010.
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.
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. 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.
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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.
S.A. (corporation)
S.A. designates a particular type of corporation in various countries, mostly those employing the civil law. It originated in Spain during the 16th century. Depending on language, the abbreviation stands for various phrases meaning anonymous society, anonymous company, anonymous partnership, or...
(English: National Chocolates Group) is a food processing conglomerate headquartered in Medellín, Colombia.
The group's principal activity is operating the food industry with focus on producing, distributing and selling chocolates; roasted and milled coffee; cereals; pasta; meat; food for human and animal consumption; sausages; candies; sugar; honey; and crackers. 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). Though originally a chocolatier, the sale of chocolates contributed only 19% to sales in 2010.
Company history
In 1912, Fábrica de Galletas y Confites (a company making biscuits and confectionery) was set up in Medellin, Colombia. 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 company acquired stake in the biscuit firm and thus paved the way for the subsequent creation of the food conglomerate.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.
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. 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
Winter's (chocolate)
Winter's is a popular Peruvian brand of chocolates and other food products owned by Compañía Nacional de Chocolates de Perú S.A.. The brand was started in 1997 by Lima-based Good Foods S.A., the largest Peruvian exporter of chocolates. On 1 February 2007, Colombian-based food conglomerate Grupo...
brand for US$36 million through its Peruvian subsidiary Compañía Nacional de Chocolates de Perú S.A.
Compañía Nacional De Chocolates de Perú S.A.
Compañía Nacional de Chocolates de Perú S.A. is a food and beverage company headquartered in Lima, Peru. Compañía Nacional de Chocolates de Perú S.A. was incorporated February 1, 2007 as a subsidiary of the parent company Grupo Nacional de Chocolates S.A...
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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.
Strategy
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
- Compañía Nacional de ChocolatesCompanía Nacional de ChocolatesCompañía Nacional de Chocolates S.A. is a food and beverage company headquartered in Medellín, Colombia and one of the largest companies in Colombia. It was founded on April 12, 1920 in Sonson, Antioquia, Colombia, as the Red Cross Chocolate Company. Expansion and diversification in coffee and...
S.A. - A subsidiary of Grupo Nacional de Chocolates S.A. - Compañía Nacional De Chocolates de Perú S.A.Compañía Nacional De Chocolates de Perú S.A.Compañía Nacional de Chocolates de Perú S.A. is a food and beverage company headquartered in Lima, Peru. Compañía Nacional de Chocolates de Perú S.A. was incorporated February 1, 2007 as a subsidiary of the parent company Grupo Nacional de Chocolates S.A...
- A Peruvian subsidiary of Grupo Nacional de Chocolates S.A.