...Strong Business Position: Sigma Alimentos, S.A. de C.V.'s (Sigma) ratings are supported by its solid business position as a producer of processed meats, cheese, yogurt and precooked meals in Mexico, the U.S., Central America, the Dominican Republic and Peru. The company also has a strong and diversified portfolio of brands and extensive distribution network. Fitch Ratings believes Sigma's acquisition of Campofrio Food Group, S.A. (Campofrio) in Spain will strengthen its business position in the industry. Geographical and Product Diversification: Sigma will enhance its geographically diversified revenue stream, cash flow generation and portfolio of brands with the integration of Campofrio. Fitch estimates Sigma will generate approximately 60% and 43% of its total revenues and EBITDA, respectively, from its operations outside of Mexico. Also, approximately 55% of Sigma's total revenues will come from chilled processed meats, 19% from dry meats, 17% from dairy products and 9% from others....
