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April 11, 2022updated 13 Apr 2022 10:03am

Brazil’s Camil Alimentos pulls out of pet-food deal in Chile

Camil proposed the deal in 2020 to mark its entry to pet food.

By Simon Harvey

Brazilian food firm Camil Alimentos has called off its acquisition of pet-food business Empresas Lansa in Chile owned by LDA Spa.

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  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
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Camil, which is engaged in the manufacture and processing of canned fish, rice, beans and biscuits, did not provide a reason behind its decision. The proposed deal, which would have marked Camil’s entry into pet food, was first announced in January 2020.

“The company has decided not to proceed with the acquisition of the pet-food business unit of The Iansa Companies in Chile that would be made by its subsidiary, Empresas Tucapel,” Camil said in a statement.

When Camil announced its intentions last year, it said the “acquisition is in line with the company’s strategy and represents an important step towards the expansion of Camil’s Chilean operations into new categories”.

Camil said at the time the transaction, valued at CLP37bn (US$45.2m), was subject to approval by the competition body in Chile, Fiscalía Nacional Económica.

In other deal activity, Camil snapped up Uruguay-based Silcom, a supplier of dried fruits, vegetables, seeds and sauces, last year. Also in 2021, the business entered the pasta sector, buying Brazilian peer Pastifício Santa Amália from Peru-based manufacturer Alicorp. Camil also moved into the coffee market through a deal for certain trademarks under the Seleto brand from Jacobs Douwe Egberts.

And in July of that year, Camil announced a transaction to buy Agroindustrias Dajahu, a rice producer in Ecuador.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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