24th November 2011


Monterrey, N.L., Mexico, November 24, 2011 – GRUMA, S.A.B. de C.V. (“GRUMA”) (NYSE: GMK, BMV: GRUMAB), announced today the acquisition of a corn milling company in Turkey, Semolina A.S. (“Semolina”), for US$17.5 million

Based in Samsun, Turkey, Semolina is the leading corn miller in the country, and specializes in supplying corn grits mainly for the snack and breakfast cereals industries. A third of its sales are exported to Egypt, Israel, Lebanon, among other countries. Semolina is the most advanced corn milling facility in Europe using state-of-the-art technology that delivers blue- chip customers European grade specifications in this region. During 2010, Semolina's net sales amounted to US$35 million

The acquisition of Semolina represents a significant milestone for GRUMA's growth strategy in Eastern Europe and the Middle East. The company's European milling division's priority is to consolidate itself as a market leader in corn milling and related products for the snack, brewing and breakfast cereals industries.

GRUMA took control of Semolina's operations on November 17 and is retaining key personnel to keep knowledge and continuity in these markets. This acquisition fits into GRUMA's overall strategy to take advantage of opportunities and synergies around the world.

GRUMA is one of the world's leading tortilla and corn flour producers. GRUMA was founded in 1949 and is engaged primarily in the production, marketing, distribution, and sale of tortillas, corn flour, and wheat flour. With leading brands in most of its markets, GRUMA has operations in the United States, Mexico, Venezuela, Central America, Europe, Asia, and Australia and exports to 105 countries worldwide. GRUMA is headquartered in Monterrey, Mexico, and has approximately 20,000 employees and 98 plants. In 2010, GRUMA had net sales of US$3.8 billion, of which 67% came from non-Mexican operations.