- CEO
- José Ramón Elizondo Anaya
- Full Time Employees
- 1,010
- Sector
- Producer manufacturing
- Industry
- Building products
- Address
- Av. 16 de Septiembre Number 346 Mexico City EM Mexico 54879
- IPO Date
- Jul 12, 1991
- Business
- Grupo Vasconia, S.A.B. manufactures and markets aluminum and steel houseware products and industrial aluminum materials through its two main business units, Almexa Aluminio and Vasconia Brands. The company offers cooking products including express pots, pans, grills, cookware sets, utensils, appliances, auxiliaries, knives, cutlery, crockery, and home decoration items; domestic aluminum foil; disposable molds; flat aluminum products such as plates, sheets, and foil; and additional houseware like chopping boards, steamers, drainers, barbecue accessories, and bar tools. Almexa supplies industrial aluminum to domestic and international markets, while Vasconia Brands targets household consumers primarily in Mexico, the United States, and Central America.
Grupo Vasconia, S.A.B., founded in 1911, maintains headquarters in Cuautitlán, State of Mexico, Mexico, with manufacturing facilities including plants in Ecatepec, Cuautitlán Izcalli, and a new facility under development in Veracruz.
In recent developments, the company faces financial challenges, including a January 2025 admission to bankruptcy proceedings (concurso mercantil), a May 2025 arbitration award related to disputes with Perennial Group, Inc., multiple credit rating downgrades to 'D(mex)' by Fitch in May 2025, cancellation of certain Almexa business lines in April 2024, leadership changes such as a new general director at Vasconia Brands in July 2024, termination of standstill agreements with creditors in June 2024, and an initiation of financial restructuring in June 2023.