Company
Sigma Alimentos, S.A. de C.V.
Summary
Based in Monterrey, Mexico, Sigma Alimentos, S.A. de C.V is the leading producer and distributor of refrigerated and frozen foods in Mexico, and the food division subsidiary of conglomerate Grupo Alfa S.A. de C.V. In 2007, Sigma reported sales of U.S. $2,068.- million.
"Longmont" is a highly reputable brand in the northwest region of Mexico, specifically in the states of Baja California, Sonora and Sinaloa where it is positioned as a leading brand. A branded processed meats business, "Longmont" was owned by Butterball, LLC, the largest producer of turkey products in the United States and headquartered in Raleigh, N.C.
Mario Paez, Sigma's Chief Executive Officer, commented: "This acquisition is in line with our strategy to continue growing in the refrigerated cuts market in Mexico and in the U.S. Hispanic market. We are very pleased to have made this transaction. "
By acquiring the "Longmont" brand, Sigma Alimentos has acquired a strong and well-recognized name to complement its existing portfolio
Fredericks Michael & Co. initiated this transaction and acted as advisor to Grupo Alfa, S.A. de C.V.and its subsidiary Sigma, S.A. de C.V.
