Our History
’70
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DESC was founded in 1973 as an industrial development company by Don Manuel Senderos Irigoyen † and a group of Mexican entrepreneurs.
Originally it grouped seven companies: Negromex, Spicer, Industrias Resistol (IRSA), Petrocel, National DM, Automagneto and Industria de Baleros Internacional.
From 1975 onwards, became a public company when it was listed on the Mexican Stock Exchange.
’80
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In 1984 DINE became part of DESC, starting the Real Estate Division, which had already developed the first phase of Bosque de las Lomas.
In 1989, Fernando Senderos Mestre was named Executive President and Chairman of the Board.
’90
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The Consumer Sector is consolidated with Keken, Corfuerte and Authentic Specialty Foods businesses. In the Chemical Sector the company Hules Mexicanos is acquired and, from the Joint Venture with Repsol, Dynasol was created. We also acquired Tremec (manual transmissions).
During this decade DINE began the development of the first stage of Punta Ixtapa, the development of Punta Mita and Bosques de Santa Fe.
In 1993, DESC opened Santa Fe’s Shopping Center and a year later the Arcos Bosques Corporativo offices project. At the end of this decade the Four Season Hotel in Punta Mita was inaugurated.
’00
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Resistol is sold and partnerships in some of the auto businesses are terminated. In 2007 DESC splits its real estate division forming DINE and KUO, the latter comprising industrial and consumer businesses.
In 2008 the Branded Food Business signed a Joint Venture with Grupo Herdez and the year after they signed and additional Joint Venture with MegaMex Foods, the association with Hormel Foods, was created. In 2010, the acquisition of Don Miguel Foods in the United States was completed.
As of 2010, KUO begins its transformation as a global producer as it grows its business in the United States and Europe.
’10
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In 2011, an automobile brake business was purchased under the FRITEC® brand.
The acquisition of Fresherized Foods, a leading company in the production of processed avocado and guacamole, was carried out.
A business of dual clutch transmissions was integrated. In 2013, significant divestments were made of the following businesses: carbon black, agglomerates and eucalyptus plantations.
In 2015, KUO consolidates Synthetic Rubber business globally, and focuses on the strategic projects on the Transmissions and Pork Meat businesses.
In 2018, Tremec began the production of Double Clutch Transmissions (DCT).