Basham, Ringe, y Correa, S.C. (‘Basham’) played a crucial role in advising Milenio Capital’s subsidiary, Millfoods Company, S. de R.L. de C.V. (‘Millfoods’), in the transaction consisting in the construction of a corn processing plant in Salamanca, State of Guanajuato, in a joint effort with Grupo Modelo.
The construction of the corn processing plant evidence Millfoods’ breakthrough into the Mexican market by investing US$300 million, resulting in the creation of 1000 jobs, a direct benefit to 20,000 Mexican farmers and more than 1 million field workers by 2024. The corn processing plant is set to become the region’s most extensive and most advanced, mainly for beer production. One of its most important aspects will be its dry production cycle, which will reduce the necessity of water, thus accelerating the transition to a more sustainable and innovative agroindustry.
Basham’s comprehensive assistance covered various critical services, including negotiating and drafting transaction documents and conducting environmental and regulatory analyses.
About Milenio Capital:
Milenio Capital is a dynamic business consortium based in Honduras and, more recently, Mexico through Millfoods. It is dedicated to reshaping the food and beverage industries. With a focus on beer and carbonated drinks, it has seamlessly integrated operations across the American continent, setting new standards. Its blend of ambition and expertise fuels partnerships in the global beverage arena while branching into real estate, specialized services, and project finance for holistic growth. Strategic alliances with top outsourcing brands drive innovation and market adaptability, with influence spanning more than countries worldwide; its ESG-driven approach ensures sustainable development.
The following individuals were the legal advisors in this transaction:
Basham, Ringe y Correa, S.C. (representing Millfoods):
- Amilcar García (Partner)
- Pedro Said (Partner)
- Antón Elorriaga (associate)
- Pablo Chevez (associate)
- Carolina Nogal (associate)
- Valeria Couttolenc (associate)
- Catalina Flores (associate)
- Rodrigo Ruiseñor (associate)
Grupo Milenio / Millfoods:
- Pilar Gutiérrez
- Ralph Obelholzer
- Ana Micheletti
- Sara Ardon
- Eugenio Souto