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Colombia's Nutresa to buy Chile's Tresmontes

Friday, July 19, 2013


Colombia's biggest food processor, Nutresa, announced on Thursday it would buy Chile's Tresmontes Lucchetti food and beverage producer.

The investment will be $758 million, and will expand Nutresa's presence to 15 countries.

"This acquisition expands Grupo Nutresa's frontiers to Chile, a market that has a high level of food consumption per capita, is solid, profitable and stable economically and institutionally," Nutresa said in a statement.

 

Source: Bloomberg