1941-1985

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 an industrial plant, beginning 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 workforce 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 implementation 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 producers/suppliers.


1967


In 1967, the Rodríguez family founded a family transport business in Arequipa. Their business José Rodríguez Banda S. A. became one of the largest heavy freight transport companies, transporting evaporated milk.



1986

In March 1986, José Rodríguez Banda S.A. purchased the majority shares from the Peruvian shareholders of Gloria S.A., Nestlé owned the international corporation Carnation Company and was the majority of the shareholder of Gloria S.A. In August José Rodríguez Banda S.A. purchased shares of stock from Nestlé, and as a result 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 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 development and future investments, a trend which is maintained to this day.





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..



In 1993, the company acquired Sociedad Agraria Ganadera Luis Martín, in the District of Puente de Piedra, in Lima. This 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 process forming part of the government is privatisation, 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.


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.

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.


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. The dairy by-products plant, to produce yogurt and cheese, as well as milk and juice packaged in UHT cardboard boxes and bags. This new factory 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 into Gloria S.A., adding aged cheese to its own cheese production. The coverage of fresh milk collection was also expanded.


In September of the same year, Grupo Gloria 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 enabled the Group to increase its supply of evaporated milk in UHT cardboard containers. An agreement was simultaneously signed to produce and sell Bella Holandesa and Yomost products in Peru.



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.

In November 2002 operations began at the Majes Evaporation Plant in Arequipa.
On December 30, 2002, the Gloria Group and the Dean Foods Company closed a deal for the purchase of companies forming part of Corporación Suiza Puerto Rico, all of them market leaders with a strong track record in the dairy, juices, coffee and packing industries.


On July 1, 2003, the Milk Concentration Plant began operations, enabling Grupo Gloria to concentrate the fresh milk received from Chiclayo and Trujillo


In January 2004, the equity 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 and . 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. The company processes long life milk, whole milk and milk cream under the trademarks Algarra, De la Finca and Cremex and Tampico juices, under license agreement.

2005 -


In May 2005, Gloriaecuador S.A., a subsidiary enterprise of José Rodríguez Banda S.A. – Gloria Group, acquired 75% of the share 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, and 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 Empresa Agroindustrial Casa Grande S.A.A., that added to the 12% already owned made the Group 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. 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 in the paper and cardboards market.

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., located in the Chicama valley. The main object of Chiquitoy is to develop the agricultural activities of the sowing of sugar cane as well as its commercialization.
Grupo Gloria Inversiones Argentina S.A., sharing the property with the Gonella Family Group throgh their subsidiary La Ramada S.A. this is the most modern industrial plant in 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 its sugar market growth and follow, is its diversification strategy, the Gloria Group acquired a 52% share of Complejo Agroindustrial Cartavio S.A.A. through its subsidiary COAZUCAR, consolidating the Group's position in the peruvian sugar market as the country’s most important agroindustrial group.

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