Diamond Ranch makes
first shipment into Mexico
Nov 19, 2010 9:46 AM
Diamond Ranch Foods Ltd has shipped its first container of product to accounts in Mexico under contracts that the company expects will generate an additional $100,000 per week in sales.
Victor Petrone, chief financial officer of Diamond Ranch Foods, said, “We will make additional shipments into Mexico through the end of the month and anticipate that regular shipments will continue for the foreseeable future. With the Mexico foodservice market being both highly fragmented and underdeveloped, with unique logistical barriers to entry, it is a significant milestone for Diamond Ranch to have penetrated this market with a strong initial customer base and a reliable import portal.
“We see Mexico as merely a starting point for our international distribution efforts,” said Petrone. “The breadth and quality of our product line positions us as a strong supplier to the foodservice industry throughout the Caribbean, Central and South American markets. As we open these additional markets in the coming months, we expect to see weekly sales increases with margins equal to or better than what we generate domestically.”
Access www.diamondranchfoods.com to learn more.
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