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Grupo Nutresa: Always thinking out of the box

Article - April 8, 2014
The former Compañía Nacional de Chocolates keeps quality and people at the core of its business
COLOMBIA
Born in 1920, Nutresa is anything but old. It’s one of the most dynamic companies in Colombia and indeed Latin America. The fourth largest food company in Latin America in market capitalization, Nutresa Group manages a portfolio of 70 brands and distributes its products in 65 countries. It employs 30,000 people, including 6,100 out of Colombia. 
 
Ranked by Euromoney as “one of the best managed companies in Latin America”, Nutresa recently created “Out of the Box”, a US$7.5 million venture capital fund that will encourage and finance radical innovation projects and is open to employees. “We are an agile and customer-oriented company,” says its President, Carlos Ignacio Gallego. 

One of its recent achievements is the deal signed between its brand of locally grown coffee, Colcafé, and Starbucks, who plans to open 50 coffee shops across Colombia in the next five years. “This is a very big vote of confidence,” adds Mr. Gallego. 

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