Brazil-based food group Camil Alimentos has acquired local peer Pastifício Santa Amália from Peru-based manufacturer Alicorp.

Pastifício Santa Amália, headquartered in the state of Minas Gerais, is a subsidiary of Alicorp Holdco España and Alicorp Inversiones. The transaction has been initiated for BRL260m (US$48.3m) and Camil, based in the municipality of Itaqui in the state of Rio Grande do Sul, will also assume ownership of the acquired company’s debt of BRL150m.

Camil, which went public in 2017, said in a stock-exchange filing the deal is subject to approval by Brazil’s competition body, the Administrative Council for Economic Defense (CADE). In the meantime, both companies will operate independently.

While Pastifício Santa Amália is best known for its range of pasta, the company, founded in 1954, also manufactures sauces and condiments, cakes and desserts, parmesan cheese and fruit juices for the retail channel.

Last month, Camil entered a deal for Agroindustrias Dajahu, a rice producer in Ecuador. It purchased the assets and brands related to rice production and processing owned by Dajahu through its local operation Camilatam Ecuador.

Founded in 1963, Camil supplies products such as rice, beans, biscuits and canned fish, including the brands Union and Coqueiro. It has subsidiaries in Uruguay, Chile and Peru, with brand names such as Saman, Tucapel, Costeno and Paisana.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.