Multiexport Foods has sold a 24.5% stake in Salmones Multiexport to Cargill and 1.1% to Mitsui & Co.
Multiexport Foods has sold a 24.5% stake in Salmones Multiexport (Salmex) to Cargill Inc. and a 1.1% to Mitsui & Co., Ltd. This partnership will boost Salmex’s capacity to distribute and process value-added salmon products in international markets, with focus a on the US. The transaction is subject to the approval of antitrust authorities, among other conditions.
Salmex is a subsidiary of Multiexport Foods, a Chilean-listed company that produces and processes salmon in Chile and sells its products in international markets. The company has operation sites in the X, XI and XII regions, with annual sales of more than 100,000 tons WFE.
Cargill is a leading US food company that provides food, agricultural, financial and industrial products and services in more than 70 countries. The company is currently implementing a seafood investment plan, with the goal of becoming the leading processor of this type of value-added products in the US.
Mitsui & Co. is one of the world’s most diversified trading, investment and services company. Headquartered in Tokyo, Japan, Mitsui maintains a global network of 130 offices in 63 countries.
Multiexport Foods is a leading and pioneering company in the Chilean salmon industry, vertically integrated from production to distribution, through an operation focused on value-added products, excellence and sustainability. The company has more than 34 years of history and is listed on the Santiago Stock Exchange.
Oaklins’ team in Chile acted as advisor to Multiexport Foods, a leading company in the Chilean aquaculture industry, in this transaction.
Contacter l'équipe de la transaction
Transactions connexes
Thrive Freeze Dry has successfully sealed the acquisition deal with Paradiesfrucht GmbH
Paradiesfrucht GmbH, a gobal freeze dryer of fruits, fruit preparations, drops, powders and granulates, has been acquired by Thrive Freeze Dry (Thrive), a portfolio company of Entrepreneurial Equity Partners (e2p) and Mubadala Capital. The transaction is expected to close in 2024, subject to customary closing conditions, including antitrust approval.
En apprendre plusMBO of Norway’s leading service and technology provider for food production
Tine and Nortura have sold Skala Gruppen AS to the management team.
En apprendre plusCalifornia Custom Fruits & Flavors has been acquired by Peak Rock Capital
California Custom Fruits and Flavors (CCFF) has been sold to an affiliate of Peak Rock Capital in partnership with CCFF’s management team and the Hall family, who will remain investors.
En apprendre plus