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Compañía Nacional De Chocolates De Perú

A Lima-based Peruvian food and beverage company that owns and markets the Winter's confectionery brand.

Last updated August 31, 2026

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Overview

Compañía Nacional de Chocolates de Perú S.A. is a Peruvian food and beverage company headquartered in Lima. It was incorporated on February 1, 2007, as a local subsidiary of the Colombian food group Grupo Nacional de Chocolates, which later adopted the name Grupo Nutresa S.A. The company was established in connection with Grupo Nacional de Chocolates' acquisition of Good Foods S.A., a Lima-based food manufacturer and a major Peruvian exporter of chocolate products. Through its Peruvian subsidiary, the Colombian group acquired Good Foods and its Winter's brand for US$36 million in 2007. The transaction gave Grupo Nutresa a direct operating platform in Peru and control of a locally recognized confectionery portfolio. The company's principal consumer-facing asset is Winter's, a Peruvian brand that originated in 1997 under Good Foods S.A. Winter's is associated primarily with chocolate and cocoa products, but its portfolio extends across a broad range of everyday sweet-grocery categories. The range described in reference material includes cocoa products, milk modifiers, chocolate, cookies, candies, gums, lozenges, chewing gum, icings, cream-based confectionery, marshmallows, and panettone. The portfolio has been reported as comprising more than forty brands or product brands, making the company broader than a single chocolate label. Compañía Nacional de Chocolates de Perú operates within Grupo Nutresa's wider food business, while retaining a specifically Peruvian market identity through Winter's and related products. Its business model combines local manufacturing and distribution capabilities with the resources of a larger Latin American food group. The company is therefore best understood as a country-level operating company and brand owner rather than as an independent globally listed corporation. Publicly available reference material identifies Peru as its operating market and Lima as its headquarters, but does not provide enough reliable information to describe its current revenue, workforce, manufacturing footprint, market share, executive team, or detailed present-day corporate structure. The company’s best-documented strategic turning point remains the 2007 acquisition of Good Foods and Winter's by Grupo Nacional de Chocolates.

History

The history of Compañía Nacional de Chocolates de Perú is closely connected with the development of Winter's and the expansion of Grupo Nutresa across Latin America. Winter's was established in 1997 by Good Foods S.A., a Lima-based food company that became known as a significant Peruvian exporter of chocolate products. From its beginning, Winter's was not limited to one chocolate format. It developed a wider sweet-food portfolio spanning cocoa, chocolate, cookies, candies, gums, lozenges, milk modifiers, icings, cream confections, marshmallows, and seasonal bakery products such as panettone. A major corporate change occurred on February 1, 2007. On that date, Compañía Nacional de Chocolates de Perú S.A. was incorporated in Peru as a subsidiary of Grupo Nacional de Chocolates, the Colombian food conglomerate now known as Grupo Nutresa S.A. The new Peruvian company served as the vehicle for Grupo Nacional de Chocolates' purchase of Good Foods S.A. and the Winter's brand. The reported purchase price was US$36 million. This acquisition transferred a recognized Peruvian confectionery business into the Colombian group's portfolio and provided the group with local operations in one of South America's important consumer markets. Following the transaction, Compañía Nacional de Chocolates de Perú became the corporate home associated with Winter's in Peru. The company inherited a portfolio that was already broader than chocolate alone, including products aimed at household consumption, children's confectionery, baking, beverages, and seasonal occasions. The acquisition also linked a locally developed Peruvian brand to the broader capabilities of Grupo Nutresa, including its regional experience in food manufacturing, brand management, and distribution. The available reference material does not document subsequent ownership changes, major plant investments, management appointments, product discontinuations, or detailed financial performance. It does, however, describe Winter's as having more than forty brands in its portfolio, indicating that the Peruvian operation has remained a diversified food and confectionery platform rather than a single-product company. Chocopunch is identified as one of the company's products, while Winter's is the principal line associated with the business. The company's documented identity therefore rests on three elements: its Peruvian operating base, its ownership within Grupo Nutresa, and its stewardship of the Winter's portfolio.

  • 2007

    Peruvian subsidiary incorporated

    [1]

    Compañía Nacional de Chocolates de Perú S.A. was incorporated on February 1, 2007, as a subsidiary of Grupo Nacional de Chocolates, now Grupo Nutresa.

  • 2007

    Good Foods and Winter's acquired

    [1]

    Grupo Nacional de Chocolates acquired Good Foods S.A. and its Winter's brand through the newly incorporated Peruvian subsidiary.

  • 1997

    Winter's brand launched by Good Foods

    [1]

    Lima-based Good Foods S.A. established the Winter's brand, which later developed into a broad Peruvian portfolio of chocolate and other sweet-food products.

Products and positioning

A Peruvian mass-market food and confectionery business centered on the Winter's brand and a broad portfolio of chocolate, cocoa, candy, bakery, and sweet-snacking products.

  • Chocolate and confectionery brand · 1997

    Winter's

    Winter's is the principal Peruvian brand associated with Compañía Nacional de Chocolates de Perú. Originating under Good Foods in 1997, it covers a broad group of chocolate and sweet-grocery categories rather than a single product. Reported categories include cocoa, milk modifiers, chocolate, cookies, candies, gums, lozenges, chewing gum, icings, cream confections, marshmallows, and panettone. The range has been described as containing more than forty brands or product lines.

  • Confectionery

    Chocopunch

    Chocopunch is identified in reference material as a product of Compañía Nacional de Chocolates de Perú. The available sources do not provide sufficient detail about its launch date, formulation, packaging architecture, distribution, or current availability.

Brand decisions

  • 2007

    Acquisition of Good Foods and Winter'sM&A

    Background

    Grupo Nacional de Chocolates sought to expand its regional food business through a Peruvian operating platform. Good Foods supplied an established local manufacturing and brand base, while Winter's provided access to a broad chocolate and confectionery portfolio.

    Action taken

    The group incorporated Compañía Nacional de Chocolates de Perú S.A. on February 1, 2007, and used it to acquire Good Foods S.A. and the Winter's brand for US$36 million.

    Aftermath

    The transaction placed Winter's within the Colombian group's expanding Latin American food portfolio and made Compañía Nacional de Chocolates de Perú the associated Peruvian operating company. Later reference material identifies Grupo Nacional de Chocolates as Grupo Nutresa.

    Reported acquisition price. US$36 million (2007)

Recent events

  • 2007

    Grupo Nacional de Chocolates acquires Good Foods and Winter's through its Peruvian subsidiary[1]

    M&A

    Grupo Nacional de Chocolates, later renamed Grupo Nutresa, purchased Peruvian food company Good Foods S.A. and its Winter's brand for US$36 million through Compañía Nacional de Chocolates de Perú S.A. The deal expanded the Colombian group's direct presence in Peru and added a locally established chocolate and confectionery portfolio.

Sources2 sources

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