Colombia's Nutresa to buy Chile's Tresmontes
Friday, July 19, 2013
![](https://www.centralamericalink.com/storage/images/2017/02/07/201307191104330.tres-montes.jpg)
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