Mexico City, January 10, 2023.- The law firm Pérez Correa González (PCG), advised and represented GEAR Alimentos S.A de C.V. and RUBE Alimentos S.A de C.V. in the negotiation process for the sale of its assets to Agrofibra. The transaction successfully concluded on December 23, 2022and reached a total value of $20 million dollars.
The deal included the sale of assets, mobile and real estate, from both companies, which received a mix of cash and CBFIs issued by Agrofibra. This transaction expands Agrofibra's properties rental portfolio in Mexico.
GEAR Alimentos and RUBE Alimentos are companies specialized in the production, packaging, and distribution of tomatoes for export to the US market. Agrofibra is the first agri-food Real Estate Investment Trust (FIBRA) in Mexico, it seeks to provide investors with value generation through the acquisition of real estate investment opportunities in the agri-food sectorin locations with potential to provide high capital gains and profitability.
The legal team that represented GEAR Alimentos and RUBE Alimentos was led by Omar Aguilar and Fernando Pérez Correa partners at Pérez Correa González (PCG).