TO FEED THE WORLD
CMI Foods faces a challenging goal: to almost double its business over the next five years, a process that will involve a growth of between 10% and 15% per year. It is worth mentioning that 70% of this objective will take place organically and that it will be leveraged with innovation and knowledge of the client and consumers. The other 30% will be based on a procurement plan with a four- or five-year horizon
“Within this, innovation, of transforming our operating model and our business model to be more efficient is all fundamentally important, but also to develop new business models and new channels that allow us to reach our customers and consumers in a more effective way”, explains José Gregorio Baquero, CEO of CMI Foods.
As part of this process, the B2B Business Unit has been operating since January, boosted through the merger of Molinos Modernos, Flour, and Food and Consumption. This area produces balanced food.
Pollo Campero USA has 79 Restaurants, a number that the company intends to almost double in five years
+ 1 MILLION tons of CO2 emissions per year into the environment avoided thanks to CMI’s renewable energy projects
“THE PERMANENT SEARCH FOR NEW OPPORTUNITIES, PROMOTING ENTREPRENEURSHIP AND HAVING THE FLEXIBILITY TO ADAPT, CHARACTERISTICS OF OUR FOUNDER, HAS ALLOWED US TO DO THIS”, JUAN JOSÉ GUTIÉRREZ MAYORGA – Presidente of CMI FOODS.
We produce feed for animals, as well as wheat and corn flours that is sold to bakeries, industries and tortilla-making businesses. To this must be added by-products that result from milling processes (such as ‘salvadillo’, ‘granillo’ and wheat germ), which are also sold.
In addition to generating sales for third parties, this unit supplies other areas of the company, such as feed for the chickens and pork they raise, as well as supplies for pasta, cookies and crackers. The Corporation seeks to provide solutions and value propositions to the customer, beyond simply selling consumables.
CMI Foods is considering a strong acquisition plan for the next five years, which began some years ago, when the Strategic Investments Business Unit decided to enter Ecuador and Panama.
In 2019, it invested in the Toledano company, a leader in the poultry industry in Panama, through La Estancia, an investment and management platform formed by the Bakker and Gutiérrez families, which generates value through the acquisition and transformation of leading companies in animal protein in the Andean region and Panama.
Previously, in June 2017, it established a strategic partnership by acquiring a 50% stake in PRONACA, the largest food company in Ecuador, which will boost the growth of the livestock business, since it has areas such as poultry and fish protein, balanced foods, cold cuts, pets, and sauces and preserves.
“In the end, as countries progress in Latin America, we must consume more protein and one of the most affordable and most environmentally friendly protein sources are poultry, livestock, and there we see a lot of opportunities. That is why we have entered those two countries”, explains Baquero.
In addition to that, he sees an opportunity to migrate towards higher added value and specialized products, as well as to grow in cold cuts, frozen and formed (minced and compacted meat).