(Agraria.pe) Peruvian group Gloria took a strategic step with the acquisition of Ecuajugos, a subsidiary of Nestlé. Fabio Brenha, CEO of Gloria Foods Ecuador, said that the company projects to exceed US$ 150 million.
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(Agraria.pe) The Peruvian group Gloria took a strategic step with the acquisition of Ecuajugos, a subsidiary of Nestlé. Fabio Brenha, CEO of Gloria Foods Ecuador, said that the company projects to exceed US$ 150 million in sales this year; by 2030, they foresee an investment of US$ 60 million and an annual growth of 8%. Grupo Gloria was founded in 1986, with operations in eight Latin American countries: Ecuador, Argentina, Chile, Puerto Rico, Bolivia, Peru, Uruguay, and Colombia. Although its main business is in the dairy sector, it also has a presence in agribusiness, cement, transportation, packaging, and paper. In 2024, it achieved a turnover of US$ 5 billion and has more than 35,000 employees in the region. Its entry into the Ecuadorian market occurred in 2005 through the purchase of Leansa's shares and its brand Leche Andina. Fifteen years later, they detected a new business opportunity. The recent transaction includes local brands such as: La Vaquita, Yogu Yogu, Natura, ...