- CEO
- Juan Antonio González Moreno
- Full Time Employees
- 25,213
- Sector
- Consumer non-durables
- Industry
- Food: specialty/candy
- Address
- Calzada del Valle San Pedro Garza García NL Mexico 66220
- IPO Date
- Apr 12, 2006
- Business
- Gruma, S.A.B. de C.V. (GRUMAB.MX) manufactures and markets corn flour, tortillas, and related products worldwide. Founded in 1949 and headquartered in San Pedro Garza García, near Monterrey, Nuevo León, Mexico, the company operates more than 80 plants across Mexico, the United States, Europe, Central America, China, and other regions; it serves retail customers such as supermarkets and mass merchandisers, foodservice clients including chain restaurants and institutions, and industrial producers of tortillas and corn chips. Core products and services include nixtamalized corn flour under brands like Maseca and Masarica; wheat flour through Molinera de México brands such as Selecta, Reposada, Sello de Oro, and Diluvio; tortillas, flatbreads, and snacks via Mission Foods (Misión in Mexico), Guerrero, Torti Rica, Tosty, and Luisiana; machinery for tortilla and snack production under TORTEC, RODOTEC, and Batitec names; and engineering, design, and construction services for corn milling equipment. Gruma maintains subsidiaries including GIMSA for corn flour in Mexico, Gruma Corporation for operations in the United States (headquartered in Irving, Texas), Europe, and China, Prodisa for tortilla distribution, Tecno Maíz for equipment manufacturing, Gruma Centroamerica in Costa Rica, Honduras, Guatemala, and El Salvador, and interests in Venezuela through Molinos Nacionales (Monaca) and DEMASECA. Recent developments encompass a February 2024 announcement to invest MXN 792 million in a new snack production center in Puebla, Mexico, and Mission plant expansion; capital expenditures of $233 million in fiscal 2024 focused on upgrades at GIMSA, capacity expansions in Europe and China, and additions in Guatemala; a December 2024 issuance of USD 800 million in senior notes; an S&P Global Ratings upgrade to 'BBB+' with stable outlook in 2025; and a 2025 strategic collaboration introducing the Maseca brand to a European food processor.