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Agenda. Omar Samayoa Introduction & Arthur Velasquez Biography Kelly Potter History of Azteca Susana Mayorga Social Involvement & Human Resources Jung Mo Products, Trends & Technology. Kelly Potter. History of Azteca. History Overview. Founded in 1970 Azteca Corn Products Corporation

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Agenda

  • Omar Samayoa

    • Introduction & Arthur Velasquez Biography

  • Kelly Potter

    • History of Azteca

  • Susana Mayorga

    • Social Involvement & Human Resources

  • Jung Mo

    • Products, Trends & Technology


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Kelly Potter

History of Azteca


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History Overview

  • Founded in 1970

    • Azteca Corn Products Corporation

    • Chicago Mexican-American Businessmen

  • Sold to Pillsbury in 1984

    • Wholly Owned Subsidiary

  • Acquired Back in 1989

    • Renamed Azteca Foods, Incorporated


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In The Beginning…1970

  • Mexican Food was not Mainstream

  • Market Niche to Sell Outside Mexican Neighborhoods

  • Mr. Velasquez and 9 others Contributed $8,000 each to Start

  • Founded Azteca Corn Products Corporation

    • Arthur Velasquez Appointed as President and CEO


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Divestitures

  • Faced Increase Competition

  • Sold to The Pillsbury Company in 1984

  • Allowed Azteca to go National

  • Azteca Acquired as a Wholly Owned Subsidiary


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Azteca Foods, Inc.

  • 1989 Acquired From Pillsbury

    • Better Equipment

    • More Systems in Place

    • Targeted Nationally

  • Mr. Velasquez Reestablished as President and CEO

  • Azteca Corn Products Corporation now Becomes Azteca Foods, Inc.


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Azteca Today

  • Owned and Managed by Mr. and Mrs. Velasquez, and 2 of their 6 Children

  • $33 Million Company

  • 80% of its Sales Outside Chicago

  • Produces $3 Million Tortillas Daily

  • Azteca Continues to Expand – Acquisitions Made


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Susana Mayorga

Social Involvement &

Human Resources


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Azteca Employment

  • 135 Employees

  • Employee Turnover Less Than 1%

  • Average Experience on Production is 12+ Years


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Programs

  • Preventative Maintenance Program

  • Calibration Program

  • R&D and Engineering Resources


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Social Involvement

  • Azteca Contributes To Many Organizations

    • American Heart Association

    • Little Leagues

    • Non-Profit Organizations

    • Chicago Food Depository


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Human Resources

  • Union and Non-Union Workers

  • Benefits

    • 10 Paid Holidays

    • 1-4 Weeks Vacation Schedule

    • Bonus System

    • Medical and Dental Health Insurance

    • Life Insurance

    • 401K Plan


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Jung Mo

Products, Trends & Technology


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Product Line

  • Flour Tortillas

  • Corn Tortillas

  • Tortilla Chip

  • Taco Salad Shells


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Industry Trends

  • Crossing Ethnic boundaries

    • Mexican Lasagna, Sandwich Wrap, Pizzas, and Pastry-Type Desserts

  • Going Global

    • Azteca Foods Europe

    • Manufacturing Tortilla Chips for South Korea


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Technology

  • Tortilla Packaging

    • High Density, Co-Extruded Polyethylene Film

  • Tortilla Production Line

    • Azteca’s Automatic Ingredient Handling System

    • Die Cutting System

    • 3- Pass Oven



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Omar Samayoa

Introduction to

Arthur Velasquez


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Arthur R. Velasquez

  • He is currently the Chairman, President, and CEO of Azteca Foods.

  • He received his BS in electrical engineering from the University of Notre Dame and his MBA from University of Chicago.

  • He is active in business, civic, and service groups on the national scene.

  • He was the first Hispanic elected to statewide office.

  • Mr. Velasquez is currently director ofLasalle Bank N.A, The Museum of Science and Industry, Peoples Energy Corporation, Mexican Fine Arts Center Museum.


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Arthur Velasquez

  • He is also a member of many boardsAdvisory Council of University of Chicago, Catholic Charities,The Commercial Club of Chicago, Big Shoulders Fund

  • His Past Activities Include

    • Co-Chair of Chicago United

    • Hispanic Housing Development Corporation

    • National Director of the Mexican-American Legal Defense and Education Fund (MALDEF)

    • Director and Past President of the National Tortilla Association


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Arthur Velasquez

  • He truly believes in community work to bring up the rapid developing Latino community, which he spends about a third of his time.

  • He believes that “success comes from an appropriate mix of community, work, and family.”


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A Special Welcome

Arthur R. Velasquez