Gloria Group purchases Lechera Andina S.A.
May 2005, Gloria Ecuador S.A., a subsidiary
of José Rodríguez Banda S.A.
– Gloria Group- purchased 75% of the
stockholders of Lechera Andina S.A. –
Leansa – a dairy company in Ecuador.
Leansa was incorporated since 21 years ago
and it is situated in Machachi zone at southern
of Quito city.
Leansa produces pasteurized milk, UHT long
term milk, yogurt, ice creams and milk cream
under the brands Andina, Andina Gold, Andino,
Encantada, Clara, Frostifruit y Nevelatto.
In the process uses the best quality milk
of the zones around Quit city. The fresh
milk collected is around 1,800 metric tons
at month, and the fabric has a production
capacity of 4,000 metric tons at month approximately.
share of Gloria Group in Ecuadorian market
is in line of its Group vision and growth
strategies in order to consolidate its leadership
in the regional dairy market and sums up
their recognized participation in Bolivia,
Colombia, Peru, Puerto Rico and closeness
Gloria Group purchases a Colombian company.
On December 2, 2004 a successful transaction
was completed, whereby Compañía
Regional de Lácteos y Alimentos de
Colombia S.A., a subsidiary of José
Rodríguez Banda S.A., - Gloria Group,
purchased 100% of the shares of the Colombian
company Algarra S.A.
Algarra S.A. was incorporated in February
1955. Since then the company collects, processes
and sells milk from the Department of Cundinamarca
to the Bogotá savannah region. The
company processes pasteurized milk, UHT
long life milk, UHT and pasteurized cream
and butter, under the brands Algarra, De
la Finca, Cremax, and Tampico juices under
The entry into the
significant Colombian market marks a new
and transcendental milestone in the regional
growth strategy of the Gloria Group and
sums up their recognized participation
in Bolivia, Puerto Rico – USA and
Gloria S.A. is one of the best first hundred
competitive companies of Latin America.
Economía magazine in its 297th edition,
has signed Gloria S.A. like one of the best
competitive companies en Latin America in
Food Category. The one hundred companies
ranking, analyses the payback over the assets
in the last three years with special emphasis
more information, see the attachment
issue of Gloria S.A. Corporative Bonds was
February 11, Gloria S.A. - Leader Company
of the Gloria Group - placed successfully
its third issues of corporative bonds with
in the framework of the second program for
50 million in new Peruvian soles. The term
of the bonds was five years from the date
of their issue. These bonds bear an annual
interest rate of 6.625%.
exceeded the 101 million of new Peruvian
soles and the issue was shared between
the Retirement Management Funds (57.84%)
and Government Funds (23.00%) basically.
The classified risk was AA- and AA, did
by Apoyo & Asociados and Class &