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Article: A blurring of the boundaries. (Latin American prepared foods industry)(The Leading 250 Food Companies)(Industry Overview)
- Article from:
- Prepared Foods
- Article date:
- July 1, 1995
- Author:
CopyrightCOPYRIGHT 1995 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LATIN AMERICAN FOOD PROCESSORS ARE MAKING STRATEGIC ACQUISITIONS IN NEIGHBORING COUNTRIES - BEFORE INTERNATIONAL COMPETITORS DO.
1994 was the year the foreign investment bubble burst in Mexico. As the peso crashed, its shock waves affected the economies of every Latin American country.
However, the two main effects of that financial crisis were not without benefits for the region's native food processing industry. It increased the price of non-Latin imported products and it made foreign investors wary of buying into Latin companies. Local companies made the best of both opportunities.
The world financial picture aside for a moment, the main focus of ...