Multiexport Foods has sold a 24.5% stake in Salmones Multiexport to Cargill and 1.1% to Mitsui & Co.
March 2022 — 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.
Our role in the transaction
Oaklins’ team in Chile acted as advisor to Multiexport Foods, a leading company in the Chilean aquaculture industry, in this transaction.
Talk to the deal team
Related deals
Balticovo has acquired Babičkin dvor
Balticovo has acquired 100% of the shares in Babičkin dvor. The acquisition marks Balticovo’s direct entry into the Slovak market and establishes a platform for further growth in Central Europe. Balticovo plans to expand Babičkin dvor’s production capacity through investments in new facilities, technology and know-how, supporting the continued development of domestic egg production in Slovakia.
Learn moreNutrition & Santé has divested its Spanish organic assets to Alimentos Sanygran
Nutrition & Santé Group has divested its Spanish organic assets to Alimentos Sanygran. The transaction included the Natursoy brand; the Castellterçol production site dedicated to organic chilled plant-based meat alternatives; a three-year Gerblé chilled-business license; manufacturing and transition services agreement (TSA) arrangements for Nutrition & Santé’s French Céréal Bio and Soy brands and third-party brands; distribution contracts for more than 10 organic brands; and a dedicated sales force serving specialized organic and dietetic retailers in Spain.
Learn moreBoeser Frischfleisch has secured financing for the acquisition of Vion Crailsheim
Boeser Frischfleisch GmbH has secured financing in connection with the acquisition of the Crailsheim site from Vion Group. The site specializes in the slaughtering and cutting of cattle and pigs and plays an important role in the southern German meat industry. Through the acquisition, Boeser Frischfleisch expands its value chain and strengthens its position in a market characterized by ongoing structural change and consolidation.
Learn more