Go to deals
Food & Beverage

Salmones Friosur SA has been acquired by Exportadora Los Fiordos, subsidiary of Exportadora Los Fiordos Ltda.

The private shareholders of Salmones Friosur SA have sold the company to Exportadora Los Fiordos Ltda., a subsidiary of Agrosuper S.A., for US$229 million.

Salmones Friosur, located in a unique fjord in Chile, farms and processes Atlantic salmon. With more than 30 years of experience, the company has a strategic position in the region, with a portfolio of premium sites located at a short distance to the region’s main hub, granted in Chile’s earliest concession rounds. It also has a state-of-the-art hatchery, with high water quality and a production capacity of six million top-of-the-line smolts, and is currently developing its own processing plant. Salmones Friosur has an attractive growth capacity, with potential to increase harvest capacity in the short term. The company's revenues have grown 18% CAGR from 2010–2016, reaching US$93 million in 2016, with US$26 million EBITDA. The unique location of the licenses’ portfolio combined with high entry barriers for new players and new regulation that seeks sustainability and controlled growth, sustains an increase in long-term profitability for the industry.

Exportadora Los Fiordos is a salmon farming company located in the Aysen Region in Chile. It is owned by the private company Agrosuper S.A., the largest animal protein producer in Chile. Agrosuper, through its subsidiaries, processes, produces, and markets fish, meat, poultry, and other fresh products in Central and Latin America, Europe and Asia.

Oaklins' team in Chile advised Salmones Friosur during the entire sale process, including the review of the company, preparation of marketing materials, contact with potential investors, due diligence, negotiation and closing of the transaction. The interest from international potential buyers supported by Oaklins' local teams gave the seller a wide range of offers to choose from.

Service
M&A sell-side
Parties

Talk to the deal team

 Felipe  Porzio

Felipe Porzio

Managing Partner

Santiago, Chile
Oaklins LarrainVial
 Diego  Charlin

Diego Charlin

Analyst

Santiago, Chile
Oaklins LarrainVial

Related deals

Pokawa has signed a partnership with Vendis Capital
Private Equity | Consumer & Retail | Food & Beverage

Pokawa has signed a partnership with Vendis Capital

Pokawa has signed a strategic agreement with its new partner Vendis Capital.

Learn more
Yooji has raised equity from Danone Manifesto Ventures, Pymwymic, CapAgro and Caravelle
Private Equity | Food & Beverage

Yooji has raised equity from Danone Manifesto Ventures, Pymwymic, CapAgro and Caravelle

Yooji has completed a fundraising to achieve the necessary scale to meet its immense ambition to revolutionize the baby food market.

Learn more
BiotoBio has merged with La Finestra sul Cielo
Food & Beverage

BiotoBio has merged with La Finestra sul Cielo

BiotoBio has merged with its domestic competitor La Finestra sul Cielo S.p.a.

Learn more