MEXICO CITY – Mexican corn miller Gruma said on Thursday it bought a tortilla factory in Nebraska for $20 million, its largest acquisition this year.
The Nebraskan tortilla maker, Casa de Oro Foods, is based in Omaha and makes flour tortillas as well as tortilla-based dinner kits, Gruma said.
The deal will bolster Gruma's position in the U.S. Midwest and it will also help cut the company's transportation costs, according to a statement the company filed with the Mexican stock exchange.
Gruma has been on an acquisition spree this year, buying Russian tortilla company SoIntse for $7 million and a tortilla maker in Albuquerque, New Mexico for $9.3 million.
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