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Colombia's Nutresa sees sales doubling in six years

Monday, March 31, 2014

Colombia's biggest food processing conglomerate, Nutresa, hopes to double sales in six years partly through takeovers in foreign markets to capitalize on strong sales growth abroad.

Nutresa's sales in 2013 grew 11.2 percent to $3 billion, one third of which were made in Colombia.

Domestic market growth last year was 2 percent but abroad it was 27.5 percent, explaining the company's interest in foreign acquisitions.

Source: Reuters