Sigma Alimentos: Company acquires Caroli Food...
Sigma Alimentos

Company acquires Caroli Foods Group


MEXICO, Monterrey. ALFA, S.A.B. de C.V. (ALFA), announced that its subsidiary Sigma Alimentos, S.A. de C.V., a company dedicated to the production, marketing and distribution of refrigerated food, has acquired approximately 51% of the shares of Caroli Foods Group, BV., a company dedicated to the production and marketing of packaged meats and ready to eat meals in Romania.

Sigma already owned 49% of the shares and with this transaction becomes the 100% owner of Caroli. Caroli is a leading company in the production of high quality packaged meats in that country. It has more than 23 years of successful operation, serving different market segments, through local brands such as Caroli, Sissi and Primo. The company operates aplant in the city of Pitesti, where it employs more than 1,200 employees.

In 2016, Caroli generated sales equivalent to €88 mill. In this regard, Mario Páez, Sigma CEO, said: “This acquisition allows us to continue with our growth strategy in the highly attractive region of Eastern Europe”.

ALFA is a holding company that manages a portfolio of diversified subsidiaries:  Sigma, a significant producer, marketer and distributor of foods under recognized  brands in Mexico, the United States, Europe and Latin America; Alpek, one of the world’s largest producers of polyester (PTA, PET and fibers), which is also a market leader in the Mexican market for polypropylene, expandable polystyrene (EPS) and  caprolactam;  Nemak, a leading provider of innovative lightweighting solutions for the  global automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of Information Technology and Communication services for the enterprise, government  and residential markets, through its Alestra and Axtel brands; and, Newpek, an oil and gas exploration and production company with operations in Mexico and the United States. In  2016, ALFA reported revenues of  Ps. 93,782 mill. (U.S. $15.8  bn.), and EBITDA of Ps. 43,254 mill. (U.S. $2.3 bn). ALFA’s shares are quoted on  the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.

Sigma is a leading multinational refrigerated food company, focused on the production, marketing and distribution  of  quality  foods  through  recognized  brands  in  Mexico, Europe, United States and Latin America. Sigma has a diversified  portfolio of leading brands and operates 69 plants in 18 countries across its four key regions: Mexico, Europe, the United States, and Latam. In 2016 Sigma reported sales of U.S. $5.7 bn. and EBITDA of U.S. $663 mill. Sigma employs more than 42,150 people.

Source: ALFA


With our free newsletters, we can provide you with the most important industry news and useful practical tips from Germany and around the world.