Press Release Grupo Chen
MONTERREY, MEXICO — Seale & Associates, Inc. announced that it acted as the exclusive financial advisor to the owners of Grupo Chen on its merger with Sigma Alimentos, S.A. de C.V., a subsidiary of ALFA S.A. de C.V. Terms of the transaction were not disclosed.
Grupo Chen has been dedicated to the production of dairy products, including cheese, yogurt, butter, and dairy cream, for more than forty years. The Company markets its products under the brands Chen, Normex, Norteno, Nortenita, and Camelia, among others. For the previous year, Chen had sales in excess of US$125 million.
Sigma Alimentos is one of the leading Mexican companies in refrigerated foods with more than US$1 billion in sales and almost 16,000 employees. The merger between Sigma and Chen will create one of the most important dairy product companies in the Mexican market.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital, Inc. For more information please visit www.sealeassociates.com.