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Monterrey was founded on April 26th 1977 by Horacio Arbelaez who also founded Distribuidora Nacional de Sombreros. The company became known for selling high quality hats wholesale in the Department of Antioquia in Colombia. Over the next few years they expanded to sell their hats to Venezuela and the Caribbean. The hats are hand woven in a factory by more than 1000 families and are made from Shawl or Iraca palm making them 100% biodegradable and environmentally friendly. These high-quality handmade hats are now distributed worldwide and have gained a solid reputation as beautiful hats.