Alicorp Moves For Flora Food Group Assets In Latin America

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Alicorp has signed an statement to get a number of Flora Food Group businesses successful Latin America.

In a statement, nan Peruvian user equipment group said it would return power of Flora’s operations crossed 7 markets successful nan region – Guatemala, Panama, nan Dominican Republic, Colombia, Ecuador, Peru and Chile.

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Financial position were not disclosed.

The package besides includes a manufacturing works successful Cali, Colombia, according to a abstracted connection from Simpson Thacher, Flora’s advisor connected nan deal. The transaction does not see Flora’s operations successful Brazil and Mexico, it added.

Headquartered successful Amsterdam, nan Netherlands, Flora is focused connected plant-based spreads specified arsenic its namesake line, Becel and ProActiv.

Its Latin American portfolio includes brands specified arsenic La Danesa margarine, arsenic good arsenic Dorina and Bonella butter, according to different connection from Bustamante Fabara, nan ineligible advisor to Alicorp for nan Ecuador portion of nan deal.

Bustamante Fabara besides confirmed nan wider parts of nan transaction crossed nan Latin American countries.

However, Flora declined to remark connected nan woody erstwhile contacted by Just Food.

The cross-border acquisition will beryllium carried retired via Alicorp’s subsidiary, Alicorp Holdco España, nan group said successful its statement.

Completion is still limited connected obtaining regulatory clearances successful nan applicable jurisdictions, it added.

Alicorp manufactures and sells food, cleaning products and personal-care items, and is portion of nan Romero Group.

Its nutrient portfolio includes AlaCena sauces, Primor oils, and Casino cookies.

The latest announcement follows its acquisition of Unilever’s home-care business successful Colombia and Ecuador successful January.

Alicorp reported its 2025 yearly results successful February. For nan twelvemonth ended December, it posted gross from mean activities of 11.76bn caller sol ($3.42bn), an summation of 11%.

Operating profit fell 3.9% to 1.03bn caller sol.

Net profit from continuing operations fell 18% year-on-year to 446.5m caller sol.

In different location development, Saputo struck a deal to waste an 80% liking successful its Argentina dairy business to Grupo Gloria, handing power of nan portion to nan Peru-based group.

Canada-headquartered Saputo will support a 20% holding successful nan operation, Molfino Hermanos, which runs 2 accumulation sites and owns section brands specified arsenic La Paulina, Ricrem and Molfino.