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LarrainVial Sells Chile’s Frutícola San Pablo to Limoneira for US$13m (en español)

July 18, 2018

LarrainVial sold Chile’s Frutícola San Pablo to US agribusiness firms  Limoneira for US$13m. Frutícola was 65% controlled by the Private Investment Fund for Agricultural Growth (FICA), managed by Sembrador Capital de Riesgo, which in turn is owned by LarrainVial through Activa SA. Chile’s Fruticola San Pablo includes a ranch of 1,343 hectares divided into two plots, including 100 hectares dedicated to the production of lemons, 25 to the production of oranges, another 50 with potential for the cultivation of lemons , and another 200 for the production of avocados.

(Economía y Negocios) La firma agroindustrial estadounidense Limoneira anunció la compra de la chilena Frutícola San Pablo, empresa con operaciones en la Región de Coquimbo, por el pago de US$ 13 millones.

En un comunicado, Limoneira señaló que la compra de Frutícola San Pablo incluye un rancho de 1.343 hectáreas divididas en dos parcelas, incluyendo 100 hectáreas dedicadas a la producción de limones, 25 a la producción de naranjas, otras 50 con potencial para el cultivo de limones, y otras 200 para la producción de paltas.

Frutícola San Pablo es una empresa que era controlada en un 65% por el Fondo de Inversión Privado Crecimiento Agrícola (FICA), administrado por Sembrador Capital de Riesgo, que a su vez es participada por LarrainVial a través de Activa SA.

“Limoneira espera invertir un adicional de US$ 2,8 millones en el año fiscal 2018 y 2019 para nuevas plantaciones de cítricos e infraestructura de agua mejorada para expandir la producción de cítricos a 650.000 cajas de limones y 85.000 cajas de naranjas anualmente para llevar la producción del rancha a su capacidad máxima”, dijo la empresa en un comunicado.

“Estamos muy entusiasmados con la expansión de nuestros activos cítricos con la adquisición de San Pablo”, comentó Harold Edwards, presidente y director ejecutivo de Limoneira.

“Esta adquisición crea una escala adicional para nuestras operaciones en Chile y mejorará nuestra posición competitiva a nivel mundial como proveedor de cítricos frescos durante todo el año. Seguimos trabajando en nuestra cartera de otras posibles adquisiciones que fomenta nuestra iniciativa `One World of Citrus` y aborda lo que creemos es una gran oportunidad de crecimiento a largo plazo”, agregó.

En febrero de 2017, Limoneira arribó a Chile mediante la adquisición de otra frutícola, Pan de Azúcar, ubicada en las cercanías de La Serena.

LarrainVial Sells Chile’s Frutícola San Pablo to Limoneira for US$13m (en español) was last modified: July 24th, 2018 by Editor
ActivaExitsFrutícolaLarrainVialLimoneiraPrivate EquitySembrador Capital
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