Overview

• Molinos Florencia, a Navilli-controlled entity separate from Molinos Cañuelas, executed the purchase on July 17.
• The 14,000 m2 Don Torcuato ultra-frozen facility will produce both Costumbres and Almar products under a leaseback arrangement.
• Costumbres Argentinas spans nearly 100 low-cost outlets across Argentina with planned franchise entries into Chile and Uruguay.
• The Navilli group intends to leverage Molinos Cañuelas’ milling capacity, logistics centers and distribution network to integrate and scale the bakery chain.
• Completion of Molinos Cañuelas’ US$1.3 billion debt restructuring has cleared the path for Molinos Florencia to expand beyond flour production.