SHAREHOLDER PROFILE: Kalach family (Grupo Kaltex SA de CV)

18 April 2018
  • The Kalach family controls textile manufacturer Grupo Kaltex SA de CV , which developed from a business founded in the 1920s by six siblings. Kaltex also owns over 650 retail stores and, with other Kalach family companies, owns Bogota-listed textile maker Coltejer SA. 
  • The family controls Comercializadora Círculo CCK SA de CV, the operator of over 1,000 Circle K convenience stores in Mexico. The family’s shareholdings also include real-estate companies. 
  • Kaltex’s results deteriorated after issuing a USD 320m bond in 2017, and its ability to pay the third coupon in October 2018 coupon may depend on financial support from the Kalach family.  
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