Who is Miguel Rincon?
He is the founder of Bio Pappel, the largest integrated paper and packaging company in Mexico.
The company was founded in 1982. Bio Pappel operates 31 industrial plants and employs 7,938 people. It has annual sales of $ 1.3 billion.
It is one of the largest privately-owned companies in Mexico. It was stock listed on the Mexican Stock Exchange. The Rincon family still owns 85% of the companies’ shares. Several family members are active in the company.
Bio Pappel has a market capitalization of $ 700 million. The Rincon family owns 85% of the shares. So their combined net worth is around $ 600 million.