Following a seizure of 100% of Latin Lac’s holdings by Mexico’s social security institute (Instituto Mexicano del Seguro Social–IMSS) and secretary of finance (Secretaría de Hacienda y Crédito Público–SHCP), the government opened the bidding to seven firms to coordinate the sale of 15 companies in the group. ZIMMA was declared the winner of the process.

The group was sold in its entirety to Grupo LALA, following complicated negotiations with the Mexican government and more than 100 company creditors to obtain their agreement to the sale.