KIEV, July 30 – Mexican-based Gruma Corporation, one of the leading corn flour and tortilla producers and marketers in the United States, reports it has acquired Altera I and Altera II, the leading producer of corn grits in Cherkasy, Ukraine, for $9 million.

"… On April 13, 2010, we acquired Altera I and Altera II, the leading producer of corn grits in Ukraine for $9 million," reads the report. "We believe that this acquisition in Eastern Europe will enable Gruma to continue its growth strategy in emerging markets while securing future corn supply in that region."