Peru's Grupo Gloria has confirmed a decision to shut down its dairy plant in Nueva Helvecia, Uruguay, where it manufactured Parmalat's products under the brand Ercolat.
Fernando Devoto, Grupo Gloria's corporate legal director told just-food: "the company’s administration is currently dedicated to finalise an orderly closure of the operation" in Uruguay.
Devoto denied the closure is related to Parmalat’s recent acquisition of La Esmeralda group, with facilities in Mexico, Argentina and Uruguay.
Recently Grupo Gloria initiated a restructuring process, which involved firing over 100 workers. It triggered a labour dispute that led the company to close the plant.
The Ercolat facility was Grupo Gloria's only business in Uruguay. The conglomerate, which has interests in other sectors including cement and paper has food assets in Peru, Puerto Rico, Argentina, Colombia, Bolivia and Ecuador.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData