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| 1941-1985 |
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On February 5, 1941, General
Milk Company Inc., being the majority shareholder,
incorporated a company by the name of Leche Gloria
S.A. In the same year, it embarked on the construction
of the industrial plant, starting the manufacture
of Gloria evaporated milk on May 4, 1942. Production
then amounted to 166 cases per day, totaling 52,000
cases during that year. In those days, the manpower
consisted of 65 persons, including staff and workers.
Later, General Milk Company Inc. was purchased
by the Carnation Company; and in 1978, Leche Gloria
S.A. changed its name to Gloria S.A.
The rapid growth of evaporated milk production
was possible due to the constant efforts made
to expand and upgrade the company’s installed
capacity, as well as to the expansion of the areas
of fresh milk collection which, between 1945 and
1978, led to the construction of fresh milk collection
and cooling plants in the southern region valleys
of Vitor, Pampacolca, Camiara, Puquina, Mejía,
Aplao and Santa Rita. These valleys became hubs
of promotion and development of dairy cattle breeding
as the company offered a guaranteed market and
provided technical support to the producers/suppliers.
1967
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| In
1967, Vito Rodríguez and his parents founded
a family transport business in Arequipa. Their business
became one of the largest heavy freight transport
companies, called José Rodríguez Banda
S. A., which became a booming enterprise providing
the service of transporting evaporated milk. |
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| 1986 |
In March of this year, José
Rodríguez Banda S.A. purchased the majority
shares of stock of the Peruvian shareholders of
Gloria S.A. On the other hand, Nestlé of
Switzerland had purchased the international corporation
Carnation Company in 1985 thus becoming the majority
shareholder of Gloria S.A. Then, in August of
the same year, José Rodríguez Banda
S.A. closed a transaction and purchased most of
the shares of stock of Nestlé of Switzerland,
and as a result of this transaction became the
majority shareholder of Gloria S.A..
On August 5, José Rodríguez Banda
S.A. took on the management of the company, marking
the beginning of the Gloria Group.
From then on, improvements continued. The enhancement
and management of overall quality in all activities
in which the Group participates were – and
still are – key elements in the development
and future investments of the new operation, a
trend which is maintained to this day.
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| 1990
- 1994 |
During the 1990s, the Gloria Group became involved
in new ventures to consolidate its business, integrating
its corporate organization to guarantee cohesion
and efficiency in the decision-making processes.
In 1990, the Group acquired Farmacéutica
del Pacífico S.A. (FARPASA), which was
founded by Sydney Ross S.A. in 1927. The task
then was to continuously improve its processes
to recover its leadership in the analgesic, antacid
and laxatives market.
The company Racionalización Empresarial
S.A. (RACIEMSA) was incorporated in the same year,
as a service company for the entire Group, to
take on the transport activities of José
Rodríguez Banda S.A.
In December 1990, the Gloria Group acquired P.
& A. D’Onofrio S.A. through the purchase
of the majority holdings of the D’Onofrio
family, thus entering and continuing the company's
leadership in the ice cream, candy, chocolate,
cookies and sweet panettone bread market. The
company's name was later changed to D’Onofrio
S.A..
In 1992, the Group acquired the privately owned
Centro Papelero S.A., demonstrating the Group’s
capacity to successfully perform within the context
of an open economy, entering the corrugated cardboard
box market, which offered great potential for
development.
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In 1993, the company acquired Sociedad Agraria
Ganadera Luis Martín, in the District of
Puente de Piedra, in Lima. The yogurt producing
company permitted a swift entry into the market,
expanding the development outlook for Gloria S.A.
In February 1994, in an international bid forming
part of the privatization process of government
companies, the Group purchased Cementos Yura S.A.
in the City of Arequipa, the sole cement supplier
for the southern region of Peru. It later changed
the name to Yura S.A.
In the same year, the company purchased INDERLAC,
which processes UHT milk, milk cream, cheese and
juices. With this acquisition, the Group immediately
entered the market of prepared consumer dairy
products, under the Gloria brand name.
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| 1995
- 1999 |
In 1995, following a bidding process, the company
bought Cemento Sur S.A., located in Juliaca, Puno.
Through this purchase, it consolidated the cement
market in Peru’s southern region.
In December 1996, Yura S.A. acquired Industrias
Cachimayo S.A., located 14 km from Cuzco. This
company started operations in January 1997 after
a prolonged halt that had begun in September 1996.
Also in 1996, as part of the privatization process
of Bolivian companies, Gloria S.A. acquired Pil
Andina S.A., with plants in Cochabamba and La
Paz. The Group concentrated its efforts on improving
product quality and processing, and on business
matters, creating a professional team specialized
in the sale of dairy products and by- products.
Through this purchase it cornered 60% of the Bolivian
dairy foods market.
In April 1997, the company sold D’Onofrio
S.A. to multinational Nestlé S.A., and
the Group retired from these markets.
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1998
saw the completion of the construction of the
first phase of the Industrial Complex in Huachipa,
Lima, over a 14,500 m2 area, at an investment
of US$20 million. Completion was reached a year
later of the dairy by-products plant, to produce
yogurt and cheese, as well as milk and juice packaged
in UHT cardboard boxes and bags. This was a very
important and strategic step taken for the development
of the Group’s domestic and international
market, becoming one of the best plants of its
type in the world, featuring state of the state
of the art technology.
In 1999, Carnilac S.A. of Cajamarca merged with
and into Gloria S.A., adding aged cheese to its
own cheese production. The coverage of fresh milk
collection was also expanded to supply the Industrial
Complex.
In September of the same year, it acquired the
assets of Pil Santa Cruz S.A. located in the Province
of Warnes, 27.5 km from the city of Santa Cruz
de la Sierra, in Bolivia. Business began under
the name of Industrias Pil Santa Cruz S.A., better
known as IPILCRUZ, consolidating the Group’s
leadership in the Bolivian dairy market.
Also in September 1999, the company bought the
assets of Friesland Perú S.A., located
in the valley of Lurín, in Lima. This purchase
enables the Group to increase its supply of evaporated
milk in UHT cardboard containers. An agreement
is simultaneously signed to produce and sell Bella
Holandesa and Yomost products in Peru.
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| 2000 - 2004 |
Investments continued to be made in the Huachipa
Industrial Complex, increasing the production
capacity of all product lines. Fresh milk collection
areas were expanded with the construction of
collection and refrigeration centers in several
valleys of the Peruvian coast, such as Pisco,
Cañete, Lurín, Huaral, Huacho,
Trujillo and Chiclayo.
November 2002 was the start of operations of
the Majes Evaporation Plant in Arequipa, to
carry out the collection, evaporation and pre-treatment
of fresh milk from stables in the dairy basin
in the southern part of the country, and to
supply this product to the Huachipa Industrial
Complex.
On December 30, 2002, the Gloria Group and the
Dean Foods Company closed a deal for the purchase
of the companies forming part of Corporación
Suiza Puerto Rico, all of them leaders and with
a good track record in the dairy industry, juices,
coffee and packing, such as: Suiza Dairy Corporation,
Suiza Fruit Corporation, Neva Plastic Manufacturing
Corporation, Garrido & Compañía
Incorporated and Garrido Alto Grande Corporation.
On July 1, 2003, the Milk Concentration Plant
started to operate in Trujillo, enabling to
concentrate the fresh milk received from Chiclayo
and from within the area, for ongoing supply
to the Industrial Complex of Huachipa in Lima.
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In January 2004, the equity block of the nitrates
division of Yura S.A. was transferred to Industrias
Cachimayo S.A.C. through a reorganization process.
The purpose of this action was to boost ammonium
nitrate extraction and sales.
In April 2004, Pil Andina S.A.
merged with and into Industrias Pil Santa Cruz
S.A. (Ipilcruz), thus consolidating the food
operation in Bolivia to promote the development
of productive areas and unify the sales, administration
and services areas.
In December 2004, the Gloria
Group acquired 100% of the shares of stock of
the Colombian company Algarra S.A., through
its subsidiary, Compañía Regional
de Lácteos y Alimentos de Colombia S.A.
Algarra was founded 50 years ago, being the
oldest milk processing and selling company in
the Department of Cundinamarca. It processes
long life milk, whole milk and milk cream under
the trademarks Algarra, De la Finca and Cremex
and Tampico juices, under license agreement.
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| 2005 - |
In May 2005, Gloriaecuador S.A., a subsidiary enterprise of José Rodríguez Banda S.A. – Gloria Group, acquired 75% of the share of stock of the Ecuadorian dairy company Lechera Andina S.A., LEANSA. The company was incorporated in 1984 in the Machachi area at the south of Quito, Ecuador. Leansa processes pasteurized milks, UHT long life milks, yogurts, milk cream under the brands Andina, Andina Gold, Andino, Encantada, Clara, Frostifruit and Nevelatto.
In January 2006, the Gloria Group, through its subsidiary Corporación Azucarera del Perú S.A. – COAZUCAR obtained a 45% share of stock of Empresa Agroindustrial Casa Grande S.A.A., that added to the already owned 12% located the Group as the major stockholder of the company and the leader in the peruvian sugar market.
In February of that same year, the Gloria Group took control of the administration of Trupal S.A., sugar company dedicated to the fabrication of paper and cardboard out of the bagasse of the sugar cane. With this acquisition, the Group integrated processes in order to achieve better productivity of the company in the paper and cardboards market. |
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In March, the Gloria Group acquired through its subsidiary Fondo de Inversiones Diversificadas S.A. 50% of the credits of Empresa Agroindustrial Chiquitoy S.A., property located in the Chicama valley, La Libertad department. The main object of Chiquitoy is to develop the agricultural activities of the sowing of sugar cane as well as its commercialization.
In April 2006 ended the construction of the facilities of Compañía Regional de Lácteos Argentina S.A. – CORLASA– , established in February 2005 by the purchase of 50% share of stock of the former Lácteos Santa Fe through the Gloria Group's subsidiary Grupo Gloria Inversiones Argentina S.A., sharing the property with the Gonella Family Group throgh their subsidiary La Ramada S.A. CORLASA becomes the most modern industrial plant in all of Argentina. It has a daily production capacity of 90 metric tons of powder milk, destined for internal and external consumption.
In August 2006, the Gloria Group acquired both the majority of stock and the control of the credits assembly of Tableros Peruanos S.A. – TAPESA through its subsidiary Fondo de Inversiones Diversificadas S.A. TAPESA is dedicated to the fabrication of boards using bagasse from sugar cane and pine wood agglomerated with resine. It is the only national company dedicated to the agglomerate boards fabrication, competing with imported products from Chile and Ecuador primarily.
In December of that same year, through its subsidiary Centro Papelero S.A.C., the Gloria Group acquired 100% share of stock of Manufacturera de Papeles y Cartones S.A – MPC–, which is dedicated to the production of cardboard and boxes. With this acquisition, the Gloria Group consolidated its position as leader of the cardboards and boxes national market.
In May 2007, continuing with both the sugar market growth and decentralization strategy, the Gloria Group acquired 52% share of stock of Complejo Agroindustrial Cartavio S.A.A. through its subsidiary COAZUCAR, accomplishing the consolidation of the Group's leadership in the peruvian sugar market as the most important agroindustrial Group of Peru.
On that same date, the Group acquired 59.8% of Empresa Agrícola Sintuco S.A.A., through it subsidiary COAZUCAR.
:: Grupo
Gloria
Av. República de Panamá
2461 – Santa Catalina, La Victoria
Lima 13 - PERÚ
Telephone: (0051 1) 470 7170
Fax: (0051 1) 470 9837
e-mail: contactenos@gloria.com.pe
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