Grupo Nacional de Chocolates

Company History
In 1912, Fábrica de Galletas y Confites (a company making biscuits and confectionery) was set up in Medellin, Colombia. In 1925, the company changed its name to Fábrica de Galletas Noel S.A. and again in 1999 to Compañía de Galletas Noel S.A. In 1920, a chocolate-processing company under the name of Compañía Nacional de Chocolates Cruz Roja was founded and later changed its name to Compañía Nacional de Chocolates, S.A.  In 1933, this company acquired stake in the biscuit firm and thus paved the way for the subsequent creation of the food conglomerate.

In 1950, with the boom of the coffee industry, Compañía Colombiana de Café S.A.- Colcafé, was created and soon become an important Colombian export company.

In 1993, the confectionery company, Compañía Dulces de Colombia S.A. was set up. In 1995, the Organization’s trading companies were established abroad forming what is known today as the Corialsa network, first in Ecuador and second in Venezuela. The company also made its first investment abroad and expanded its meat-processing business with Industrias Alimenticias Hermo de Venezuela S.A. In 1999, the Organization spun off two of its companies, Noel and Zenú.

In 2003, the holding company Inversiones Nacional de Chocolates S.A. came into being, with important interests in chocolate and coffee businesses as well as the Organization’s food investment company Inveralimenticias (that has holdings in the meat, cookie and confectionery business). In 2004, the organization began expanding into Central America and the Caribbean through the purchase of Nestle’s cookie and chocolate plants in Costa Rica. In 2006, the Organization changed its name to Grupo Nacional de Chocolates S.A.

Historical Financial Information
[optional]

Business Strategy
Mission is to progressively create value, obtain an outstanding return on investment and surpass the cost of employed capital. The organization seeks to improve consumers’ quality of life and the progress of employees.

Contact Information
Grupo Nacional de Chocolates Carrera 43A No. 1A sur 143 Medellín, Antioquia. Colombia