Corporacion Multi Inversiones issued the following announcement on Oct. 7.
The Estancia as part of its growth strategy in animal protein companies, has reached an agreement to make a significant investment in Toledano, which gives it a relevant shareholding and management of the business operation to continue building, together with the family Toledano, which remains in the board, the success story of this company.
This alliance between La Estancia, made up of the Bakker and Gutierrez families, and the Toledano family, who remain in the business, is based on a history of effort, work and shared values. Together, they want to continue growing and developing the industry, showing their confidence in the market and seeking the well-being of Panama.
For several years Toledano maintains a relationship with both families who also participate in food businesses in Latin America, WCC and Pronaca
The Estancia will provide capacities, investment, experience and best practices to continue growing and innovating in the face of new consumer needs, the challenges facing the sector and the constant professionalization of human capital that is a priority for family businesses.
Taking one more step to continue being the leaders of the poultry sector of Panama, the Toledano family has reached an agreement so that La Estancia makes a significant investment in the company that gives it a relevant shareholding and management of the business operation to continue to build, together with the Toledano family, which is maintained in the directive, the success story of this company.
The agreement to incorporate La Estancia will further enhance the company's growth by providing capabilities, investment and experience to continue growing and innovating in the face of new consumer needs and the challenges facing the sector.
La Estancia is a family business, formed by the union of two Latin American family groups with extensive experience in the food business: the Bakker family of Ecuador and the Gutiérrez Mayorga and Bosch Gutiérrez families of Guatemala.
The stay
The Estancia is an investment and strategic management platform; focused on the generation of value through the transformation of leading animal protein companies, which in this case has decided to invest in Toledano, and continue to build the company's success story with the Toledano family.
"Reaching an agreement to reach the union between La Estancia and Toledano has been a natural process, because we are joined by family legacies, experience in the sector, years of working in the poultry market and excellent relationships over the years," he said. , Richard Toledano, president of Toledano Products.
The executive added that “ this agreement will allow us to share knowledge, best practices and continue to grow, it is also a development opportunity for our clients and allies, and especially for our 2,500 employees, who have always been key to the success of Toledano "
Together, La Estancia and Toledano, we are preparing for the future, based on our family legacy, the excellence of our products and the commitment to continue investing in Panama.
About Toledano
Toledano2
Toledano's history dates back 65 years. In 1954, Don Robert (BOB) Toledano (qepd) founded Productos Toledano SA, which has established itself as the leader of the national poultry industry. The company started under the name of Hacienda La Istmeña, SA, located on the land that today occupies the modern processing plant in Rana de Oro, Pedregal. His brother Don Richard Toledano Melhado joins in 1955 and together they achieve a successful family history.
From generation to generation, the company has expanded its product offerings to be in line with consumer requirements, with the trust being the value that has accompanied throughout its history bringing high-quality products to the table of Panamanians at reasonable and low prices the strictest health standards. Productos Toledano is a leading brand that is present in most sales channels; supermarkets, minisupers, in the best restaurants and international chains with high levels of health and hygiene requirements.
Its emblematic character, El Pollo Busty is highly recognized and manages to connect with both adults and children. Where is the Busty Chicken, is TOLEDANO. To reinforce, the brand invests in BTL campaigns, thus celebrating special dates such as the traditional Egg Day and during the year through different point-of-sale and family activities.
The Toledano family includes breeding farms, hatchery, feed plant, laying farms, egg packing plant, fattening farms, poultry processing plants, processed food plant and commercial and administrative equipment.
About the Stay
The EstanciaWeb
The Estancia is formed by the union of two Latin American family groups with extensive experience in the food business: on the one hand the Bakker family of Ecuador and on the other the families Gutiérrez Mayorga and Bosch Gutiérrez of Guatemala.
The Estancia has a robust and agile governance system, has a top-level management team dedicated to the growth and transformation of the portfolio's businesses, under the guidelines of the Board of Directors. In some investments, it incorporates local partners in this management, such as Toledano.
The origins of the Bakker family businesses are when Lodewijk Jan Bakker, of Dutch origin, decides to settle in Ecuador towards the end of the 50s. Through a letter in which he invites his son Luis Bakker Guerra to undertake in the industry of food, it reflects a vision of family values, trust and faith in the country's potential. Since 1957, this vision is executed by its founders and a large human group based on tenacity and perseverance through what is known today as the Pronaca group. Pronaca
Pronaca is a leader in the production of animal protein in Ecuador, mainly in poultry, pork and sausage activities with brands such as Mr. Chicken created in 1979, Mr. Chancho created in 1983 and Plumrose among others. He has also achieved leadership in the pet food business with his Procan brand and balanced feed for livestock production. In export activities, Pronaca is a world leader in the palm heart business.
The new generations receive the legacy of their founders, Mr. Bakker and based on the values of Responsibility, Solidarity and Integrity, optimistically build a future with better food for society.
The Gutierrez family businesses originated at the beginning of the last century, when Don Juan Bautista Gutierrez emigrated from Spain to Guatemala. Since he was a child, he worked at his father's store that subsequently bought him and evolved in what is now Multi-Investment Corporation (CMI), a multilatin family business with operations in 14 countries. WCC
In 1936 Don Juan Bautista founded the first wheat mill, then expanded its operations to the feed industry, animal protein, sausages and cooked food, being today a leader in these markets at the Central American level. In 1971, Pollo Campero was founded, which today has restaurants in 12 countries around the world.
The great ideas, honesty and desire to work, legacy of Don Juan Bautista, were and continue to be the engine of all those who make up Multi Investment Corporation (CMI), a corporation that generates investment, employment and development in the fourteen countries where it has presence.
Original source: https://www.cmi.co/es/item/525-toledano-se-refuerza-con-importante-inversion-de-empresa-latinoamericana-la-estancia
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