The food industry is highly beneficial, and brands like Sigma have achieved a solid positioning at the regional level, allowing for stable growth. These elements are key to achieving a more favorable individual valuation.
The approval of the spin-off represents a new stage for Alpek, which has all the necessary capabilities to continue its successful trajectory as an independent entity. The transformation of Alfa has granted complete autonomy to investors to define their participation in independent business units such as Nemak, Controladora Axtel, Controladora Alpek, and Sigma.
This separation will allow Alfa to focus on Sigma, a non-listed business unit, consolidating its position as a leader in the food industry with a presence in 17 countries and a portfolio that includes well-known brands like FUD, Campofrío, and Bar-S, as stated by Fernández Garza.
Alfa reported that its Extraordinary Shareholders' Meeting has approved the proposal to spin off its participation in Alpek. Under this decision, a variable-capital publicly-traded corporation called Controladora Alpek will be established, which will be listed on the Mexican Stock Exchange and receive all of Alpek's shareholding, as well as other assets and liabilities.
Alfa's shareholders will receive one share of Controladora Alpek for each of their shares, maintaining their participation in Alfa. The processes for the spin-off, listing, and distribution of shares are expected to be completed in 2025. In the words of Alvaro Fernández Garza, president and CEO of Alfa, 'We appreciate the vote of confidence from our shareholders in supporting the spin-off of Alfa's shareholding in Alpek.'
