Azteca Foods Europe and AFIFT Azteca have been sold to Gruma International Foods

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Azteca Foods, Inc. (“Azteca Foods”) and Fat Taco, S.L. (“Fat Taco”) have sold Azteca Foods Europe, S.A. (“Azteca Foods Europe”) and AFIFT Azteca, S.L. to Gruma International Foods, S.L., a subsidiary of Gruma, S.A.B. de C.V., the largest worldwide manufacturer of corn flour and tortillas, for an undisclosed amount. Azteca Foods will maintain its operations in the U.S.

Azteca Foods Europe is a producer and marketer of tortillas and Mexican food products, serving retail, foodservice and industrial clients. Azteca Foods Europe’s strong brand is highly regarded by the best-known players in the food market and boasts high recognition and loyalty among consumers. Azteca Foods Europe owns a state-of-the-art plant in Spain and distributes its products in more than 19 countries in Europe, in addition to the Middle East and Northern Africa.

Lincoln acted as the exclusive financial advisor to Azteca Foods Europe, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the negotiation and due diligence phases of the transaction. Lincoln also assumed an integral role in the negotiation of the financial aspects of the deal.

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